Herbalife Ltd (HLF) Key Developments | Reuters.com
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Herbalife Ltd (HLF)

HLF on New York Consolidated

27 Jun 2016
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Latest Key Developments (Source: Significant Developments)

No settlement imminent between Herbalife and FTC - CNBC
Tuesday, 24 May 2016 12:14pm EDT 

Herbalife Ltd : No settlement is imminent between Herbalife and the FTC - CNBC citing source Further company coverage: [HLF.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Herbalife reaches preliminary settlement with FTC - NY Post
Tuesday, 24 May 2016 11:52am EDT 

: Herbalife has reached agreement in principle with U.S. FTC to settle a years-long probe into whether it was a pyramid scheme - NY Post . Announcement of deal between Herbalife & U.S. FTC could come as soon as Tuesday, although the agreement is not final and could still fall apart - NY Post . Herbalife has agreed to pay a hefty fine in regards to agreement in principle with Federal Trade Commission to settle years-long probe - NY Post Source: (http://nyp.st/1RnwPOq) Further company coverage: [HLF.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Pershing Square releases Q1 letter to shareholders
Wednesday, 11 May 2016 06:28pm EDT 

Pershing Square Holdings Ltd In Letter To Shareholders : PSH NAV Per Share As Of Close Of Business On 10 May 2016 Was USD16.88 . There Is Much Work To Do At Valeant, Including Restoring The Dermatology Business To Growth . "Believe That Valeant Has Some Of The Best And Most Durable Assets In The Pharmaceutical Industry" . "It Will Take Time For Valeant To Regain Its Stakeholders’ Trust" . Valeant Does Not Require Aggressive Pricing In Order To Generate Growth And Substantial Free Cash Flow . Continue To Have "Tremendous Confidence" In Canadian Pacific's Management, But Have Sold Shares For Portfolio Management Reasons . Expect FTC To Demand Similar Safeguards, Restrictions For Herbalife As It Has Required In The Vemma Case . While $200 Million Settlement Would Be One Of Highest Ever In FTC Consumer Protection Action, It Would Be Immaterial To Herbalife . Believe Howard Hughes Corp Trades At Discount To Assets; Increased Transparency Will Help Investors More Appropriately Value Company . Expect The FTC To Demand Similar Safeguards And Restrictions For Herbalife As It Has Required In The Vemma Case . Expect That Relief Imposed By FTC Will Require Modifications To Co’S Business Practices Which Will Be Materially Adverse To Hlf.  Full Article

Herbalife Ltd overstated member growth, cites database errors - AP
Thursday, 3 Mar 2016 02:46pm EST 

Herbalife Ltd:Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme, overstated its worldwide membership growth in 2015 - AP.The company said active new members worldwide grew 3.4 percent instead of 8.3 percent in 2015. Revised figures for the fourth-quarter cut worldwide growth to 3.2 percent from 16.7 percent.The Los Angeles-based company cited a database error as the cause, saying "it had limited visibility into the likely rate of change" in the metric plan, which it began using last year.The company has been under pressure from activist investor Bill Ackman and his Pershing Square Capital Management LP for its business practices. He has claimed that the company is running a pyramid scheme, which involves making money by recruiting more salespeople instead of through selling products.Such models are illegal because they eventually collapse once there are no more people to recruit.Herbalife has defended its business practices, saying it is confident in the fundamentals of its business model, which it has said operates like a multi-level marketing company similar to Avon, Amway and Mary Kay.In February, the company disclosed that it is in talks to with the Federal Trade Commission to potentially resolve the investigation surrounding its business practices.  Full Article

Herbalife Ltd foe releases video of former sellers claiming they were duped - Reuters
Tuesday, 9 Feb 2016 04:08pm EST 

Herbalife Ltd:Hedge fund manager William Ackman, who has a $1 billion short bet on Herbalife HLF.N stock, on Tuesday released a video of former Herbalife sellers claiming the company misled them - RTRS.The video, in which people said they lost large sums selling Herbalife's nutrition and weight loss products and were not fairly informed about the risks, was the latest unsuccessful effort by Ackman to make Herbalife's stock fall. - RTRS.He has waged a three-year battle to shut the multi-level marketing company down since accusing it in 2012 of being a fraud, something the company has steadfastly denied. - RTRS.Herbalife shares on Tuesday opened flat then rose 2.6 percent to $44.55. The stock is up about 24 percent over the past 12 months. The company had no comment on the video - RTRS.A handful of people said in the video, made by Ackman's firm, they did not see Herbalife disclosures that show most people earn nothing from the company for selling its products - RTRS."If I had seen this paper before signing up, I would not have done it," a woman named Ana C. said in the video. She said she lost $110,000 while working with Herbalife between 2010 and 2013. - RTRS.Ackman's firm, Pershing Square Capital Management, posted the video on its website http://www.factsaboutherbalife.com to illustrate what he has called Herbalife's predatory recruiting practices. - RTRS.  Full Article

Herbalife Ltd - Ackman, Herbalife unscathed by probes - WSJ - Reuters
Sunday, 31 Jan 2016 03:29pm EST 

Herbalife Ltd:Two government probes into the conduct of longtime antagonists Pershing Square Holdings and Herbalife have failed to find sufficient evidence of criminal wrongdoing by either party, the Wall Street Journal said, citing people familiar with the matter. - RTRS.The probes included an investigation of claims that Herbalife, a nutrition and weight loss company, has a fraudulent business model, and an inquiry into allegations that investment firm Pershing Square manipulated Herbalife's stock, the Journal said - RTRS.The queries mark yet another point of tension in the feud between the two parties. - RTRS.Pershing Square's chief executive, William Ackman, has bet $1 billion of his firm's $15 billion in assets under management against Herbalife and has been one of the company's most vocal critics, comparing its business model to a pyramid scheme. - RTRS.The U.S. attorney's office in Manhattan and the Federal Bureau of Investigation conducted the probes with help from the feuding parties, each of which hoped that investigations into the other would bear fruit, the newspaper said. - RTRS.The Journal added that the investigations could be rekindled if additional evidence was brought to bear, citing people familiar with the matter. - RTRS.  Full Article

Herbalife Ltd raises FY 2015 EPS guidance
Wednesday, 5 Aug 2015 05:04am EDT 

Herbalife Ltd:Raises FY 2015 adjusted diluted EPS guidance to a range of $4.50 to $4.70; up from previous range of $4.30 to $4.60.  Full Article

Herbalife partners with Global Health Strategies Institute to improve children's nutrition in India
Tuesday, 7 Apr 2015 08:00am EDT 

Herbalife Ltd:Announces one-year partnership with Global Health Strategies Institute (GHSI), to help improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government's Mid-Day Meal Scheme (MDM) and School Health Programs (SHP).  Full Article

Herbalife Ltd gives Q1, FY 2015 outlook
Thursday, 26 Feb 2015 04:14pm EST 

Herbalife Ltd:Expects Q1 2015 net sales growth vs 2014 of (15.5) to (12.5) pct.Expects Q1 2015 currency adjusted net sales growth vs 2014 of (7.5) to (4.5) pct.Expects Q1 2015 diluted EPS of $1.00 to $1.10.Expects Q1 2015 currency adjusted EPS of $1.30 to $1.40.Expects FY 2015 net sales growth vs 2014 of (9.0) to (6.0) pct.Expects FY 2015 currency adjusted net sales growth vs 2014 of (1.0) to 2.0 pct.Expects FY 2015 diluted EPS of $4.10 to $4.50.Expects FY 2015 currency adjusted EPS of $5.30 to $5.70.  Full Article

Herbalife Ltd gives Q4 2014 EPS guidance; revenue guidance below analysts' estimates; lowers FY 2014 guidance
Monday, 3 Nov 2014 04:40pm EST 

Herbalife Ltd:Expects Q4 2014 currency adjusted net sales growth vs 2013 of 1.0- 4.0 pct.Expects Q4 2014 currency adjusted EPS in the range of $1.61 -$1.71.Expects FY 2014 currency adjusted net sales growth vs 2013 of 3.0-6.0 pct.Expects FY 2014 diluted EPS as adjusted in the range of $5.45 -$5.75.Reported revenue of $1.269 billion in Q4 2013.Reported revenue of $4.825 billion in FY 2013.Q4 2014 revenue of $1.372 billion and EPS of $1.69 - Thomson Reuters I/B/E/S.FY 2014 revenue of $5.261 billion and EPS of $6.26 - Thomson Reuters I/B/E/S.  Full Article


Ackman releases new Herbalife video; stock climbs

BOSTON Billionaire investor William Ackman revved up his campaign against Herbalife on Monday as investors await the outcome of a U.S. Federal Trade Commission (FTC) probe into the business practices of the nutritional supplements maker.