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Herbalife stock probe turns to Bill Ackman's report on China
Herbalife stock probe turns to Bill Ackman's report on China

A federal investigation of alleged stock manipulation related to activist investor Bill Ackman's attack on Herbalife Ltd. has turned to his claims in a presentation last year that the company is breaking China's laws. Ackman's company, Pershing Square Capital Management, said Wednesday that it welcomes the scrutiny, denies wrongdoing and believes Herbalife's business practices violate Chinese law. "We are pleased that regulators are reviewing Pershing Square’s presentation on Herbalife’s business practices in China," Ackman's company said in a statement. "Pershing Square is confident that Herbalife is violating Chinese law...

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