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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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  "notes": "Includes a direct quote from an FTC official to bolster the argument.",
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      "text": "The FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis.",
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      "text": "The findings of the FTC are those of the principal consumer protection agency in the United States, not those of a short seller.\nThe FTC – with access to Herbalife’s internal information and data – has independently confirmed all of the allegations of our investment thesis.\nWe are short Herbalife because we believe intrinsic value is meaningfully below the current share price.\nNot only has Herbalife completely mischaracterized the settlement, it is already openly flouting its terms.",
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      "text": "“Here’s what matters... [a]s soon as the judge enters the order, we will be all over the company. If they are not in compliance with the order, we will take action. We will not tolerate what has gone on.” - Lois Greisman, Associate Director, FTC Division of Marketing Practices",
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      "text": "(1) http://nymag.com/daily/intelligencer/2016/07/judgment-day-arrives-for-herbalife.html",
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