Ackman maintained that Herbalife’s multi-level marketing platform was in essence a pyramid scheme that was doomed to fail. Johnson vigorously defended Herbalife’s business model and kept ...

Herbalife, a direct seller of protein shakes and other products, has a cheerleading sales culture that has weathered a string of assaults from Wall Street and naysayers. Steven Russolillo reports ...

Ackman wagered $1 billion against Herbalife's (HLF) stock and publicly claimed the nutritional-supplements company was running a pyramid scheme where its distributors earned more from bringing in ...

The Federal Trade Commission has decided that Herbalife is not a pyramid scheme, according to CNBC, citing Dow Jones. Herbalife shares jumped by as much as 16% in premarket trading on Friday.

Herbalife, a multi-level marketing firm that ... is shorting more than 20 million shares of HLF calling the company a "pyramid scheme." On the long side, hedge funder Daniel Loeb, the founder ...