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Bill Ackman’s Herbalife Battle Goes Underground

Orion Research claims that the nutritional products company’s distributors appear to be flouting the terms of its settlement with the Federal Trade Commission.

  • By Michelle Celarier

      Bill Ackman, Pershing Square Capital Management (photo credit: Christopher Goodney/Bloomberg)Last fall Pershing Square Capital CEO Bill Ackman converted his beleaguered Herbalife short into put options, capping his potential losses as the nutritional products company’s shares rose amid a stock buyback that sent them surging more than 60 percent — before

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