Einhorn Questions Herbalife on Call – Share Tumble

Despite beating analyst estimates with their first quarter earnings, Herbalife Ltd. (NYSE:HLF) came under intense pressure this afternoon after comments made by Greenlight Capital’s David Einhorn regarding the firm’s disclosure in their 10-K report. Specifically, Einhorn asked about the change in disclosure regarding the types of distribution groups the firm uses, and went on to ask about how the firm accounts for these figures. What is interesting is that the stock fell on these questions, even though the firm responded positively to the questions, promising to provide the information that Einhorn was requesting. Einhorn, an activist fund manager, is well known for…