Bill Ackman’s Pershing Square Capital on Thursday unleashed its latest attack on Herbalife Ltd HLF 1.02%. This time, Ackman’s accusations come in the form of a press release and accompanying video that was posted on Pershing’s anti-Herbalife website.

The Claims

In the video, Pershing Square argues that Herbalife distributors have been making false and unverified claims about the health benefits of Herbalife products for more than 30 years. Pershing claims that these incidents are far from isolated, as they believe that even Herbalife CEO Michael Johnson is guilty of making statements about Herbalife products that violate FDA regulations.

The health benefit claims that Herbalife distributors are accused of making include the insinuation that Herbalife products help with and possibly cure medical conditions such as asthma, diabetes, hypertension, bronchitis, migraines, arthritis, weight loss, cellulitis and high cholesterol. Pershing Square alleges…

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