Herbalife and Bill Ackman squared off again yesterday.
The nutritional supplements company shot back at a 19-page report by Ackman’s Pershing Square, in which it compared Herbalife to Fortune Hi-Tech Marketing, the Kentucky pyramid scheme the Federal Trade Commission shut down Jan. 28.
“Pershing’s latest attack offers nothing new and is solely about generating headlines,” Herbalife responded in a company statement.
An FTC insider aware of the Pershing presentation said it was “interesting.”
Any mention of the FTC seems to give Herbalife stock the shakes. It closed at $38.92, down 6.2 percent so far this week after a consumer group asked the FTC to investigate the pyramid claims on Tuesday.