Herbalife Ltd. (HLF) Members Demand Ackman 'Stop Lies and Smears' – ValueWalk Premium

Herbalife Ltd. (HLF) Members Demand Ackman 'Stop Lies and Smears'

LOS ANGELES–(BUSINESS WIRE)– Herbalife Ltd. (NYSE:HLF), a leading global nutrition company, announced today that dozens of independent Herbalife members and independent business owners will hold a press conference during the Herbalife Extravaganza in Chicago in order to take a stand against the continuing campaign of attacks and misinformation being waged by Bill Ackman and Pershing Square Capital Management. Thousands of Herbalife members from across North America are gathering this weekend to celebrate the positive impact Herbalife has had on their lives and in their communities.

Herbalife Ltd. (HLF) Members Demand Ackman 'Stop Lies and Smears'

“Members like me are under attack by a billionaire hedge fund manager who has embarked on an unprecedented effort to take down my way of life, and we want him to know that Herbalife members won't stand for it,” said Silvia Muir, an Herbalife member from Palatine, IL who will be taking part in the press conference.

Bill Ackman's bald-faced hypocrisy in support for Herbalife Latinos

“Bill Ackman has displayed a bald-faced hypocrisy in his sham support for Latinos,” said Pablo Caicedo a member from Lincoln Park, IL who will also be taking part in the press conference. “As a Latino, I think it's important for the world to know the truth: that Bill Ackman is only interested in his own short-sighted financial goals and has a history of investing in companies that profited from the detention of undocumented immigrants. He is hardly a standard bearer for the Latino community.”

“Herbalife has positively impacted my life and I have seen it positively impact the lives and health of consumers. It is for these reasons – and many more – that I am compelled to speak up – for myself, my family and my community,” said Ana Bunay, a member from Skokie, IL, who will also take part in the press conference. “We are not going away, and neither are the hundreds of thousands of Herbalife members, customers and supporters across the U.S.”

The press conference will be held at 11:00 AM CT on July 18, 2014 at Hotel Allegro, 3rd Floor Cinema Room, 171 W Randolph Street, Chicago, IL and will be open to all credentialed media.


Additional information about Herbalife can be found at http://www.herbalife.com/global.

The company has also created iamherbalife.com to highlight, in their own words, the positive impact Herbalife has had on the lives of the company's members and customers by sharing their stories.

About Herbalife Ltd.

Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 90 countries to and through a network of independent members. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.

Comments (4)

  • Quoth the Raven

    Desperation is a stinky cologne.

    July 18, 2014 at 11:52 am
  • Kristina Raegan

    The FTC says: “One sign of a pyramid scheme is if distributors sell more product to other distributors than to the public — or if they make more money from recruiting than they do from selling.”

    And the SEC advises: “Ask to see documents, such as financial statements
    audited by a certified public accountant (CPA), showing that the MLM
    company generates revenue from selling its products or services to
    people outside the program”

    Herbalife answered:
    (Q – David Einhorn): So, what is the percentage that actually sold to consumers that are not distributors?
    (A): So, we don’t have an exact percentage David because we don’t have visibility to that level of detail.

    How in the world is this still legal? I have 2 government agencies advising me that in order to determine legality I need to check for something this company can’t provide, which would necessarily mean that it’s all illegal, right? RIGHT?

    July 18, 2014 at 2:06 pm
  • ShareWealth

    Ackman & NY Post smear propaganda attacks –

    Top 4 auditing firms wouldn’t represent HLF: PwC was hired, Belgium Court
    will find HLF as pyramid: HLF found as legal MLM, Canadian
    investigation: Canadian government doubled HLF investment, Chinese
    investigation: False alarm, FBI investigation: HLF has no knowledge of
    it, ABC 20/20: paid whistle blower exposed, Victim Night: Reporter
    Connie Chung backed out, Robin Hood Conference: Big dud- no substance,
    Toxic problems at HLF manufacturing plant: Handled correctly by HLF,
    Senators involvement: Under investigation, SEC investigation: No
    wrongdoing charges and no acknowledgement of investigation since Jan
    2013, etc…

    TRUTH be told: Ichan, Soros Stiritz, et al, are in this bet for the SHORT SQUEEZE!

    Note: Investors who upped their stake knowing full well of FTC investigation:
    Soros upped his stake by 100 million. Canadian government fund, doubled their
    investment on HLF. Ichan upped his investment and added 3 more seats to
    HLF’s BoD. Perry and Bass joined aboard as well…

    July 19, 2014 at 11:04 pm
  • tex2

    Herbalife operates very similar to Amway, the largest MLM scam on the planet: http://www.stoptheamwaytoolscam.wordpress.com

    July 20, 2014 at 7:49 pm


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