Herbalife C-Suite shopping for criminal lawyers: Ackman

April 13, 2015 9:48 PM

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Senior management of nutritional drink company Herbalife have “hired or are looking to hire their own criminal defense counsel,” hedge fund billionaire Bill Ackman declared at a conference in New York on Monday.

“The fact that management is hiring its own defense counsel, we think is a very significant,” Ackman said at the 2015 Active-Passive Investor Summit hosted by research firm 13D Monitor.

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