NEW YORK |
Wed Dec 19, 2012 5:03pm EST
NEW YORK (Reuters) – The CEO of Herbalife, a association that sells weight government products, on Wednesday criticized a sidestep account manager who is shorting a company’s batch formed on a faith that it is a pyramid scheme, job that thought “bogus.”
Michael Johnson pronounced in a matter to a press that William Ackman, who oversees $11 billion in resources during Pershing Square Capital Management and who reliable Wednesday he was shorting Herbalife stock, should be investigated by a U.S. Securities and Exchange Commission.
“This appears to be nonetheless another try to illegally manipulate a marketplace by a organisation of overzealous short-sellers,” Johnson said.
(Reporting by Emily Flitter; Editing by Gary Hill)
More on: Health Medicine Network