Investor Sues To Block Suspected Icahn Herbalife Deal

Law360, New York (June 19, 2013, 3:48 PM EDT) -- Public-interest lawyer Daniel Ravicher asked a New York judge Wednesday to prevent billionaire Carl Icahn from taking private the alleged pyramid scheme Herbalife Ltd., in which Ravicher holds a significant short position, saying Icahn is on a war path against fellow short-seller Bill Ackman.

In a case filed in March accusing Icahn of propping up Herbalife, a vitamin distributor whose business model has come under fire from investigators and regulators, Ravicher petitioned the court to preemptively keep Icahn from turning his recent buy-up of Herbalife shares...
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