Did Ackman Campaign Contributions Influence NY AG To Pursue Herbalife?
As hedge fund manager Bill Ackman sunk into a thick steak at Del Frisco’s Double Eagle Steakhouse in midtown Manhattan last June, he looked at the information-hungry hedge fund managers at the table and painted a picture of Herbalife Ltd. (NYSE:HLF) as a company soon to be in trouble with the government. Ackman’s “prophecy” turned correct this winter, when regulators and the New York Attorney General announced regulatory . . .
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