Herbalife Legal Coffers Bolstered to Fend Off Pyramid Scheme Charge
- Tuesday, 28 May 2013
- Corporate Counsel
A Los Angeles nutrition company is locked in a legal battle with billionaire hedge fund manager Bill Ackman, who has accused the company of perpetuating a pyramid scheme. Herbalife officials said the company will up their legal defense costs from $25 million to $40 million in the wake of Ackman’s accusations, according to a Los Angeles Times article.
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