Ackman Says Regulators Eyeing Herbalife, Sticks To $1B Short

Law360, New York (August 21, 2013, 1:54 PM EDT) -- Activist investor Bill Ackman told investors on Tuesday that he believes he can rebound from huge losses on his $1 billion short position in Herbalife Ltd., the nutritional company he contends is a pyramid scheme and insists has drawn scrutiny from regulators in recent months.

Since buying into the company, the short-seller has lost roughly $300 million — nearly a third of his initial investment — as other high-profile investors, including Carl Icahn and George Soros, have gone long on the company, betting big that it...
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