Icahn Rips Investor's Bid To Bar Potential Herbalife Deal

Law360, New York (August 20, 2013, 12:32 PM EDT) -- A lawsuit seeking to stop Carl Icahn from taking Herbalife Ltd. private is based on an incorrect claim that he admitted the vitamin distributor is a pyramid scheme, the billionaire told a New York federal court on Monday.

Icahn asked the judge to dismiss a lawsuit brought in March by public-interest lawyer Daniel Ravicher, who owns a significant short position in the company. Ravicher asked the court for an injunction to stop Icahn from turning his recent buy-up of Herbalife shares into a privatization of the...
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