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U.S. Securities and Exchange Commission
Herbalife shares tumble on latest Ackman allegations
Herbalife shares tumble on latest Ackman allegations

Herbalife Ltd. shares plunged more than 10% after hedge fund manager Bill Ackman said he has new evidence of illegal activity at the Los Angeles nutritional products company. Ackman said he will share the evidence at a presentation in New York on Tuesday. “You’re going to learn why Herbalife is going to collapse,” Ackman said in an interview on CNBC. “This is the largest public fraud in terms of scale of countries involved [and] harm to people.” Ackman has waged a high-profile campaign against Herbalife since December 2012, arguing that the company operates an illegal pyramid scheme. His allegations have prompted investigations by the Securities and...

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