Home>Topics>>Herbalife short-seller sues banks, Icahn over alleged fraud
Herbalife short-seller sues banks, Icahn over alleged fraud
Reuters: Business News
Wed, 13 Mar 2013
(Reuters) - A short seller in Herbalife Ltd's stock has sued officials at three major U.S. banks as well as activist investor Carl Icahn, saying they are helping perpetuate a fraudulent pyramid scheme at the nutritional products company.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.