Icon 01
CircleMe buddy
shared a link
3b1f76f7aec640efd69ebd5670cf233c
It's Perfectly Fine For Herbalife Short-Sellers To Lobby The Government — forbes.com

By Jonathan Macey — Professor, Yale Law School, Yale School of Management Democrat Edward Markey is now the subject of an ethics complaint by a local political rival who is accusing him of manipulating the stock price of nutritional supplement and multi-level marketing giant Herbalife.  Brian Herr, a Hopkinton town Selectman recently wrote to Senators Barbara Boxer and Johnny Isakson, who chair the Select Committee on Ethics accusing Markey of urging regulators at the Securities and Exchange Commission and the Federal Trade Commission to investigate the company’s stock in order to financially benefit a campaign donor who has made a big bet that Herbalife’s stock price will collapse. The alleged donor is William Ackman, who runs the $12 billion hedge fund Pershing Square Capital Management.  In fact, Mr. Ackman has not donated to Markey, although he did contribute $32,400 to the Democratic Senatorial Campaign Committee in April.

Read More



This site uses cookies to give the best and personalised experience. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Sign Up or Login

Invalid username or password
Not yet on CircleMe? Join now
Please input a email
Please input a valid email
Max 50 characters
Email already in use
{{email_serverError}}
Please input a username
Min 3 characters
Max 20 characters
Please use only A-Z, 0-9 and "_"
Username is taken
Please input a password
Min 6 characters
Max 20 characters
By clicking the icons, you agree to CircleMe terms & conditions
Already have an account? Login Now