Pershing Square Capital Management, L.P. Issues New Presentation Comparing Herbalife to Fortune Hi-Tech Marketing
NEW YORK, March 14, 2013 /PRNewswire/ -- Pershing Square Capital Management, L.P. ("Pershing Square") today released a detailed analysis comparing Herbalife Ltd. and Fortune Hi-Tech Marketing, the pyramid scheme that was recently prosecuted by the Federal Trade Commission and Attorneys General from Kentucky, North Carolina and Illinois.
Using the same analytical framework and legal standards that the FTC used to conclude that Fortune Hi-Tech Marketing is a pyramid scheme, Pershing Square believes that Herbalife clearly violates those same standards. The new report entitled "Side-by-Side: A Comparison of Fortune Hi-Tech Marketing and Herbalife" is based upon extensive court filings and related materials in the Fortune Hi-Tech case. The report lays out Pershing Square's analysis point-by-point.
To view the new report as well as the supporting materials on which it relies, please visit www.factsaboutherbalife.com.
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.