Ackman Has More Questions On Herbalife's Biz Model

Law360, New York (February 7, 2013, 5:44 PM EST) -- Investor Bill Ackman on Thursday launched another offensive against Herbalife Ltd., releasing a letter with more than 200 questions and requests for information from the vitamin supplement distributor he has called a pyramid scheme.

The questions range from the cosmic (“Why is confidence so important in your business?”) to the granular (“Why does Herbalife charge a 15 percent surcharge in addition to a 7 percent packaging and handling charge in El Salvador, Costa Rica and Colombia?”) to the surprising (“Why does Herbalife have ATM machines in...
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