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Herbalife shares rise above price when Ackman made allegations
Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price...
Tags: Herbalife Limited, Corporate Crime, Mutual Funds, Fraud, Marketing
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Herbalife shares surge past price when Ackman made allegations
Herbalife Ltd. shares were up more than 5% Monday and had passed the price they were when hedge fund manager Bill Ackman accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company’s stock price...Tags: Herbalife Limited, Mutual Funds
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Herbalife raises estimate of legal costs amid pyramid allegations
Herbalife Ltd. said its feud with billionaire hedge fund manager Bill Ackman has been more costly than it anticipated, prompting speculation that the company is bracing for potential government investigations. The Los Angeles nutritional products...
Tags: Prosecution, Business, Laws, U.S. Securities and Exchange Commission, Mutual Funds
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Herbalife says KPMG's resignation hindered stock buybacks
Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...
Tags: Herbalife Limited, Business Enterprises, Corporate Crime, Mutual Funds, Fraud
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Herbalife effort to replace KPMG 'nearing completion,' CFO says
Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...
Tags: Herbalife Limited, Corporate Crime, Business Enterprises, Mutual Funds, David Einhorn
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Herbalife posts record results
Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...
Tags: U.S. Securities and Exchange Commission, Mutual Funds, David Einhorn, Insider Trading, Companies and Corporations
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Herbalife posts better-than-expected earnings, again
Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...
Tags: Mutual Funds, David Einhorn, Insider Trading, Companies and Corporations, KPMG
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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: Herbalife Limited, Corporate Crime, University of Delaware, Mutual Funds, Fraud
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Herbalife to reassure investors
Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...
Tags: Laws, Business, Trials, Mutual Funds, Shareholders
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Herbalife is rocked by new crisis
This was the last thing Herbalife Ltd. needed. Just as the Los Angeles company appeared to be regaining its footing from a Wall Street hedge fund manager's assault, the company's auditor resigned abruptly because of an alleged insider-trading scandal....Tags: NYSE Euronext, Inc., Herbalife Limited, Accounting and Auditing, Manhattan (New York City), Mutual Funds
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Herbalife says KPMG 'concluded it was not independent' as auditor
This post has been corrected. See note at the bottom for details.KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme. "KPMG stated it had concluded it was not independent because of alleged insider trading in...Tags: Mary Jo White, Herbalife Limited, Corporate Crime, JC Penney Company Inc., Accounting and Auditing
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Dell stock rises as company agrees to show books to Carl Icahn
Dell Inc. saw its stock jump 1.26% in midday trading on Monday after the company reached an agreement to let shareholder activist Carl Icahn see its books. Icahn Enterprises disclosed that it had signed a confidentiality agreement with Dell that will...
Tags: Leveraged Buyouts, Michael S. Dell, Shareholders, Companies and Corporations, Dell Inc.
May 7, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Los Angeles Times
May 3, 2013
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May 1, 2013
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Apr 30, 2013
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Apr 29, 2013
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Apr 29, 2013
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Apr 26, 2013
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Apr 25, 2013
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Apr 10, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Mar 11, 2013
|Story| Los Angeles Times
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