Hedge fund manager Bill Ackman defended himself today against a NYT front page article accusing him of lobbying Congress in his ongoing war against supplement seller Herbalife. Shares of Herbalife only fell about 1% today despite Ackman's presentation charging the company violates China's pyramid sales laws in addition to those in the U.S. Ackman said he has the right to petition the government and he's never given any money to specific Senators to further his $1B short-selling campaign.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Video

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Cryptocurrency Regulation Is a Must for Long-Term Sustainability, Expert Says

Cryptocurrency Regulation Is a Must for Long-Term Sustainability, Expert Says

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Jim Cramer: It's Okay to Fail, but It's Not Okay to Quit

Jim Cramer: It's Okay to Fail, but It's Not Okay to Quit