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Herbalife Responds To Einhorn, Shares Keep Falling
Posted on May 02, 2012 at 13:37 PM EDT
Herbalife's (HLF) shares continued to fall, down 4.2% Wednesday afternoon to 53.91, despite assurances made to investors that its financials were strong. A known short-seller from Greenlight Capital (GLRE) had questioned the company's filings and sales during its Q1 conference call Tuesday. During the call David Einhorn asked about changes to Herbalife's 10-K SEC filings and for more information on the breakdown of sales outside its network base
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