Ackman Says FTC Backs His Herbalife Take as Icahn Claims Victory

  • FTC didn’t call Herbalife a pyramid scheme, won’t say it isn’t
  • U.S. backed many of Ackman’s claims, orders broad restructure

In the billionaire-activist battle over Herbalife Ltd., Carl Icahn may have claimed a victory Friday, but details of the U.S. Federal Trade Commission’s settlement suggest Bill Ackman could still have a last laugh.

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