2015-11-30 14:54
The court rejected Ackerman about Herbalife fraud litigation
[direct reporting network on November 30 hearing] (direct selling 100) on Monday, the U.S. District Court in Los Angeles dismissed the judge Dale Fischer ackman of Pershing square capital management company about Herbalife company and chief executive Michael Johnson involving transfer of litigation, main reason is not enough evidence to prove that Herbalife suspected of fraud. In this regard, Herbalife shares on Wednesday rose 26 cents, to $58.39 in early trading on the New York stock exchange.
It is understood, Ackerman and Herbalife of war is not a day or two, although Ackerman has been accused of Herbalife marketing organization and tried to shorting Herbalife, but this year, the overall trend, Ackerman has been at a disadvantage, and because of the capital operation of improper handling of the problem, leading to now crossing the River clay Buddha rickety.
For outside constant controversy, Herbalife has consistently denied the involved biography ", but" the distributor through the recruitment line than selling products to earn more money "this thing often happens.
Although there are many new competitors to join Herbalife accused the team, but as of press time, yet there is substantial evidence that Herbalife suspected fraudulent activities. 3
(original title: the court rejected Ackerman about Herbalife fraud litigation)
Editor: small Shen
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