Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks. That amount is dwarfed by the nearly $2 million Herbalife spent in 2013 on federal lobbying as the nutrition […]

Soros Fund Management, one of the hedge fund industry’s most closely watched investors, exited J.C. Penney and trimmed its stake in Herbalife late last year, marking a notable shift in course only months after buying into the companies. The New York-based firm, which ranked as J.C. Penney’s second biggest investor, sold 19.98 million shares during […]

Herbalife Ltd (HLF) shares tumbled nearly 10 percent on Thursday as investors grew concerned about the possible fallout from a regulatory probe in China into Nu Skin, which has a similar business model to the nutrition and weight loss company. The development could benefit billionaire investor William Ackman, who has placed a $1 billion bet […]

Herbalife says a re-audit of more than three years of its financial results found no material changes to its prior financial statements.

The origins of a vitriolic battle that has pitted billionaire hedge fund manager Bill Ackman against rivals such as Carl Icahn, Dan Loeb and George Soros can be traced back to a routine event in the world …

In a blow to one of the world’s largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations involving leaked information …

Herbalife’s shares were trading slightly lower after being halted for much of Tuesday morning. Shares of Skechers were also halted, though it was unclear whether this was related to KPMG.