If anything, Ackman, should be investigated, Herbalife says. Here’s the statement from the company:
“We regret that the National Consumers League has permitted itself to be the mechanism by which Pershing Square continues its attack on Herbalife. If anything, it is Pershing Square that should be investigated by appropriate authorities. Its actions are motivated by a reckless $1 billion bet against the company based on knowingly false statements about Herbalife. Those statements unquestionably cause harm to our consumers and investors and indeedallconsumers and investors.
“Herbalife is committed to providing consumers with high quality products that address a real need: weight management and nutrition. Our consumer-protection rules not only meet, but in many cases exceed the standards prescribed by the Direct Selling Association (DSA). Herbalife is a long-time member in good standing of the DSA, which has 182 member companies, including Avon, Amway, Nu Skin, Primerica and The Pampered Chef (aBerkshire HathawayBRKB+0.20%company).
“Herbalife is a financially strong and successful company, having created meaningful value for shareholders, significant opportunities for distributors and positively impacted the lives and health of its consumers over the company’s 33-year history.”