Herbalife Ltd. (HLF) In Lobbying Frenzy, Works On 'All Star Line-Up'

In a sign of the times, Herbalife Ltd. (NYSE:HLF) is defending itself from fraud charges by pulling together an “all star” lineup of Hispanic lobbyists to combat the lobbying efforts of activist investor Bill Ackman. Public battle to talk down a company As previously reported in ValueWalk, Ackman, head of hedge fund Pershing Square Capital which has a $1.1 billion bet against Herbalife Ltd. (NYSE:HLF), has engaged in a rather public battle to talk the price of the stock down.  He has compared Herbalife to a pyramid scheme because distributors recruit distributors who recruit distributors, creating an ever-lasting commission trail. Ackman has…