Pershing Square To Release A Series Of Videos Showing Herbalife’s False And Misleading Claims Continue
NEW YORK–(BUSINESS WIRE)–Pershing Square Capital Management, L.P. (“Pershing Square”) today announced it will release a series of videos showing that Herbalife continues to make false and misleading claims about its fraudulent business opportunity. The first video is available at www.FactsAboutHerbalife.com.
Pershing Square has previously documented numerous examples of Herbalife’s top distributors’ aggressive tactics that mislead new recruits. Herbalife’s management allows these top distributors to continue at the company despite their track record. The top distributors at the company have remained largely unchanged in the last decade.
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Herbalife claims that it has cleaned up its act in recent years. It hasn’t. These videos show that veteran distributors who have made misleading claims continue to have a prominent role at Herbalife, and new distributors are making misleading claims every day as they try to advance in the company.
Herbalife’s compensation plan incentivizes recruiting which fosters misleading and fraudulent distributor behavior. Herbalife remains a pernicious pyramid scheme in which 99% of distributors earn less than minimum wage from the company.
To watch the videos and learn more about Herbalife visit: www.FactsAboutHerbalife.com
About Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P. (“Pershing Square”), based in New York City, is a SEC-registered investment advisor to investment funds. Pershing Square manages funds that are in the business of trading — buying and selling — securities and other financial instruments. Funds managed by Pershing Square are short the stock of Herbalife Ltd and own put options on the Company. Pershing Square may increase, decrease, dispose of, or change the size or form of its investment in Herbalife for any or no reason, at any time. Pershing Square may change its views about or its investment positions in Herbalife at any time, for any reason or no reason. Pershing Square may buy, sell, cover or otherwise change the form or substance of its Herbalife investment. Pershing Square disclaims any obligation to notify the market of any such changes. Please see the full Disclaimer appearing on website www.factsaboutherbalife.com and www.herbalifepyramidscheme.com.