Tag Archive for Herbalife

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Herbalife Contacted By Law Enforcement Agencies

by Tina Williams • April 13, 2015 • 0 Comments

Federal law enforcement agencies recently contacted several Herbalife members for information about their own business practices, CNBC has learned.
According to sources familiar with the matter, the inquiries came last week and focused on the activities of 10 or so mostly top Herbalife members.
It’s unclear exactly what law enforcement asked for, or the identities of the specific members in question.
Sources say the company has offered the members assistance in obtaining legal counsel though it’s unclear how many have sought representation.
Separately, Herbalife has also received inquiries recently about irregular trading in its stock as part of a broader investigation into possible market manipulation.
When asked for a comment on Sunday evening Herbalife spokesman Alan Hoffman provided CNBC the following statement:

“Bill Ackman has been engaged in a nearly three-year effort to drive down Herbalife’s stock in

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Herbalife Partners with Global Health Strategies Institute To Improve Children’s Nutrition In India

by Tina Williams • April 8, 2015 • 0 Comments

Herbalife (HLF), a global nutrition company, today announced a one-year partnership with Global Health Strategies Institute (GHSI), to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme (MDM) and School Health Programs (SHP).
As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to help provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed.

Anjali Nayyar, senior vice president, Global Health Strategies Institute, said, “Addressing the nutritional needs

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Herbalife Unveils Massive Public Relations Blitz In Response To Critics

by Tina Williams • March 30, 2015 • 0 Comments

LA Times reports: Amid relentless attacks on its business model, Los Angeles nutritional products company Herbalife Ltd. is firing back at its critics with its first Southern California television advertisements in more than a decade.
With a big rally in downtown Los Angeles, the company kicked off a massive public relations campaign that portrays its products as effective in helping users lose weight and stay fit.
Herbalife has traditionally shied away from expensive television advertising, instead relying on its independent salespeople to spread the word about its weight-loss and nutrition products through personal contacts. It also promotes the company through a variety of sponsorships, including the Los Angeles Galaxy soccer team.
But the company decided to change its strategy as activist investor Bill Ackman continued his two-year, high-profile attack on the company’s business practices.
Ackman has

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Herbalife Wins Major Lawsuit

by Tina Williams • March 22, 2015 • 0 Comments

In a second major win for the week, Herbalife’s newest victory is a mark for things to come. Reuters reports:
Herbalife Ltd (HLF.N) won the dismissal of a lawsuit that claimed the maker of weight-loss and nutritional products fraudulently portrayed itself as a legitimate company, and that shareholders lost money because it was actually an illegal pyramid scheme.
U.S. District Judge Dale Fischer in Los Angeles said that shareholders led by two pension funds did not show that questions raised about Herbalife’s business by hedge fund manager William Ackman and various investigators showed that the company had fraudulently inflated its stock price.
Ackman and his Pershing Square Capital Management LP have campaigned against Herbalife since December 2012, when they revealed a $1 billion bet against the Los Angeles-based company. Herbalife has long denied it is

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Tables Turn: The FBI Is Investigating Bill Ackman And His Campaign Against Herbalife

by Tina Williams • March 13, 2015 • 0 Comments

The FBI and federal prosecutors are interviewing people related to hedge-fund manager Bill Ackman for potential Herbalife stock manipulation, reports The Wall Street Journal.
They’ve asked for documents related to the stock. Neither Ackman nor his hedge fund, Pershing Square, have been served with a subpoena.
Ackman has been publicly shorting Herbalife since December 2012. He has said that the multilevel-marketing nutrition firm is a pyramid scheme and that his hedge fund, Pershing Square, is shorting its stock to zero.
Here’s The Journal on exactly what investigators are trying to figure out in this case:
Prosecutors in the Manhattan U.S. attorney’s office and New York field office of the FBI have conducted interviews and sent document requests in recent months in connection with the investigation, which is looking into whether people, including some hired by Mr. Ackman,

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Herbalife Makes It Into Guiness Book of World Records

by Tina Williams • March 11, 2015 • 0 Comments

Herbalife, (HLF), a global nutrition company, joined with its members around the world this weekend to create a new GUINNESS WORLD RECORDS® achievement for most participants in a High Intensity Interval Training (HIIT) workout in 24-hours. As part of the event, Herbalife and its members also created a new world record for number of people in a High Intensity Interval Training Workout in one location, with nearly 4,000 people filling the LA Live Plaza in Downtown Los Angeles.
Tens of thousands of independent Herbalife members—along with their customers, friends and family—hosted workouts at local Herbalife nutrition clubs, parks and public meeting spaces across more than 80 countries.
The workout began on Saturday, March 7, at 9:00 a.m. local time in Auckland, New Zealand. Throughout the next 24 hours, workout events were being held in

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Herbalife Hires Republican Consultant To Battle States Attorneys General

by Tina Williams • February 2, 2015 • 0 Comments

Embattled Herbalife has hired a Republican consultant in a move to head off any action against the company from state attorneys general.
Marcus Reese, a former George W. Bush campaign operative, joins the Los Angeles company as vice president for state and local government affairs, a newly created position, to bring Herbalife’s message to local and state leaders, the company said.
About nine state AGs have looked into allegations by investor Bill Ackman and Hispanic activists that the diet shake company is a pyramid scheme, Ackman has said. Two of them, New York and Illinois, have been identified.
Herbalife denies it’s a pyramid scheme.
The new position is a sign that Herbalife “is still concerned about what the state AGs are doing,” said Brent Wilkes, executive director of the League of United Latin American Citizens, an Herbalife critic.
Reese, who worked on the 2004 Bush campaign, among others, has been a consultant to Herbalife for the past year at Tusk Strategies, a public affairs consulting firm.
Reese has called himself a “war eagle” who, if not a political operative, would like to do fashion PR for Tom Ford.
Reported by: valuewalk.com

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Herbalife’s Biggest Individual Shareholder Has Added To His Position

by Tina Williams • January 25, 2015 • 0 Comments

Myles Udland at BusinessInsider.com Reports:
Post Holdings executive chairman Bill Stiritz has added to his stake in Herbalife.
Stiritz, who is Herbalife’s biggest individual shareholder, has added to his 8.2% position in Herbalife during the stock’s recent pullback, according to a report from CNBC’s Scott Wapner.
Wapner, citing sources, also reported that Stiritz had not sold a share of his stake in the company.
Earlier this month, Business Insider’s Julia La Roche reported that Stiritz had most likely suffered paper losses upward of $200 million on his position in the multilevel marketing company, which fell about 50% during 2014.
Stiritz is on the same side of the Herbalife trade as noted activist investor Carl Icahn, who is the company’s largest shareholder. Hedge fund manager Bill Ackman is well known for being short shares of Herbalife, and in a December 2012 presentation, Ackman called the company a pyramid scheme.
The FTC opened an investigation into Herbalife in March.
In September 2013, when Stiritz first initiated his position in Herbalife, the stock was trading just below $60 per share. On Friday, shares of Herbalife were just below $32.
Following Wapner’s report, shares of Herbalife, which had been lower Friday, were up as much as 3%.

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Big Plans For Herbalife: Opening $100 Million Plant And Planned Counter Attack Against Ackman

by Tina Williams • January 9, 2015 • 0 Comments

ValueWalk reported:
Fox Business Network’s (FBN) Charles Gasparino reports Herbalife Ltd. (NYSE:HLF) is planning a counter attack on Pershing Square Capital CEO Bill Ackman, following the cancellation of a meeting with Herbalife by Ackman. Gasparino reports, “people inside Herbalife are telling me that it could be legal,” possibly “a lawsuit about stock manipulation.”
On Herbalife planning a counter attack against Bill Ackman:
“They are planning some sort of counter attack. People inside Herbalife are telling me that it could be legal, clearly like a lawsuit about stock manipulation or something else. What they are saying is they are clearly going to do an attack.”
In other news:
Herbalife Ltd. will officially unveil its $100 million manufacturing facility in Winston-Salem on Jan. 16, showing off the plant to the media and local elected officials.
The nutrition products company (NYSE: HLF) will hold an invitation-only grand opening of its 800,000-square-foot “Winston-Salem Manufacturing and Innovation Facility.” Herbalife COO Rich Goudis, will attend, and Winston-Salem Mayor Allen Joines and Forsyth County Board of Commissioners Chairman David Plyler are expected to be there, too.

Herbalife officials said the facility currently employs about 350 and is expected to employ more than 500 by the end of the year.
The plant at 3200 Temple School Road is located at the former site of Dell Inc. Local

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Herbalife Hits new 52 Week Low

by Tina Williams • January 7, 2015 • 0 Comments

Herbalife (NYSE:HLF)’s share price reached a new 52-week low during mid-day trading on Monday , Analyst Ratings News reports. The stock traded as low as $35.10 and last traded at $35.12, with a volume of 908,464 shares trading hands. The stock had previously closed at $37.58.
HLF has been the subject of a number of recent research reports. Analysts at Buckingham Research downgraded shares of Herbalife from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Barclays cut their price target on shares of Herbalife from $80.00 to $74.00 in a research note on Friday, November 21st. They now have an “overweight” rating on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Herbalife in a research note on Wednesday, November 19th.
They set a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Herbalife has an average rating of “Hold” and an average price target of $64.30.
The stock’s 50-day moving average is $39.7 and its 200-day moving average is $49.23. The company has a market

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