Herbalife, a direct seller of protein shakes and other products, has a cheerleading sales culture that has weathered a string ...

Previously dogged by allegations of running a pyramid scheme, Herbalife reached a settlement Friday of more than $123 million to defer U.S. prosecution over allegations that its executives conspired ...

Herbalife will pay the Federal Trade Commission a settlement of $200 million, and in return, the company will not be classified as a pyramid scheme. WSJ's David Benoit joins Tanya Rivero to ...

Bill Ackman, founder and chief executive of Pershing Square Capital Management, has built his reputation as one of Wall ...

“It is a very good day for my psychological short on @Herbalife,” Ackman wrote in a post on social media platform X, formerly known as Twitter. “And it is an even better day for the world to see one ...

In 2012, Ackman accused nutritional supplements maker Herbalife of being a pyramid scheme. That began a years-long, public battle with billionaire Carl Icahn, who was a major investor in the company.

Herbalife, a multi-level marketing firm that ... is shorting more than 20 million shares of HLF calling the company a "pyramid scheme." On the long side, hedge funder Daniel Loeb, the founder ...

But the market is clearly taking it as a sign that a worst-case scenario for Herbalife - read: being shut down for operating a pyramid scheme - will not come to pass. Following the news ...