Friday's ruling that Herbalife isn't a Ponzi scheme adds another layer to an already brutal year for hedge fund titan Bill Ackman.
The Pershing Square Capital chief has had a long-standing and very public short position on the dietary supplement company. He already had been sustaining major losses on the bet, but the Federal Trade Commission ruling, reported by Dow Jones and other sources, is the sharpest blow yet.
19:38 James Cameron Pays Tribute to Close Friend Bill Paxton: "Bill Leaves Such a Void"16
18:13 Warren Buffett's Shareholder Letter: 5 Lessons for All Investors26
18:17 SodaStream recalls bottles for explosion risk19
15:37 Bill Maher on Milo Yiannopoulos’s downfall: ‘You’re welcome’12