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  "documentTitle": "Herbalife, Ltd. (HLF)",
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  "authorName": "William Ackman",
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  "presentationDate": "2016-07-20 00:00:00",
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      "text": "The settlement with the FTC only impacts ~22% of Herbalife's business",
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      "text": "Herbalife would not have agreed to these terms if it couldn't live with them",
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      "text": "Response: The FTC relied upon the analysis of the Italian Competition and Markets Authority when charging Vemma(3) – we expect other regulators will leverage the work of the FTC to prevent their consumers from similarly being victimized by Herbalife's fraudulent business opportunity",
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      "text": "Response: \"The FTC works with more than 100 foreign competition and consumer protection authorities around the world, and cooperates with foreign authorities on enforcement and policy matters through formal and informal agreements\" (2)",
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      "text": "Response: \"In our view it's both beneficial for consumers to enter into what we think is strong relief rather than litigating every case to conclusion... when we can't reach a good settlement we will not hesitate to litigate.\" (1)",
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      "text": "In our view it’s both beneficial for consumers to enter into what we think is strong relief rather than litigating every case to conclusion... when we can’t reach a good settlement we will not hesitate to litigate. — FTC Chairwoman Edith Ramirez",
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      "text": "(1) FTC Chairwoman Edith Ramirez. FTC Press Event Regarding Herbalife International of America, Inc.(July 15, 2016)\n(2) https://www.ftc.gov/policy/international/international-consumer-protection\n(3) Federal Trade Commission v. Vemma Nutrition Company, et al. (August 17, 2015). Case No.15-cv-01578, Dkt. No.9. Memorandum of Law, at p.31.",
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