Herbalife Ltd. (HLF)

[badbadbad]

Ackman has long called Herbalife a pyramid scheme.

Ackman took a short position on the company more than three years ago. In May, he told CNBC that his bet against the company is roughly $1 billion. He also advised Herbalife employees to leave the company because it's "not going to be a good thing on your resume" and to "go find another job."

Ahead of Ackman's Thursday appearance, Herbalife told CNBC that "it has been three years and [Ackman] has lost hundreds of millions of dollars. He admitted in the Fortune piece that it as costing him more than 100 million a year in carrying cost. When is it time to just say he gave it a valiant try but like Borders, J.C. Penney, Target, he was just misinformed?"

http://www.cnbc.com/2016/07/15/ftc-determines-herbalife-is-not-a-pyramid-scheme-dj.html