Herbalife (HLF -2%) is digging deep to defend itself against the rancorous criticism from hedge...

|About: Herbalife Ltd. (HLF)|By:, SA News Editor

Herbalife (HLF -2%) is digging deep to defend itself against the rancorous criticism from hedge fund manager Bill Ackman, who accuses HLF of being a "sophisticated pyramid scheme.". CEO Michael Johnson is calling out to its top institutional investors to dispute the claim, and has top company officials preparing a point-by-point defense against Ackman's assertions.