NEW YORK, March 12, 2013 /CNW/ - Pershing Square Capital Management, L.P. ("Pershing Square") today released the following statement regarding the National Consumers League's request for the Federal Trade Commission to investigate Herbalife as a potential pyramid scheme.
"We are pleased that the National Consumers League, the nation's oldest and one of the most respected consumer protection organizations, has requested that the FTC launch an investigation of Herbalife. We believe that a thorough investigation of Herbalife will reveal it to be a pyramid scheme that has harmed millions of consumers in more than 80 countries around the world."
The National Consumers League's letter to the FTC can be seen here: http://www.nclnet.org/images/PDF/ftc%20letter%20on%20herbalife.pdf
The National Consumers League's press release regarding the letter can be seen here: http://www.nclnet.org/newsroom/press-releases/750-national-consumers-league-calls-on-ftc-to-investigate-allegations-against-herbalife
Please go to www.factsaboutherbalife.com to learn more about the company.
About Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P., based in New York City, is a SEC-registered investment advisor to private 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. Pershing Square may increase, decrease, dispose of, or change the form of its investment in Herbalife for any or no reason, at any time.
SOURCE: Pershing Square Capital Management, L.P.
For further information:
Pershing Square Capital Management, L.P.: Jennifer Burner, D: +1-212-235-6203, M: +1-352-281-5357, email@example.com; Mike Geller, D: +1-212-729-2163, M: +1-646-567-3596, firstname.lastname@example.org