Charlie Gasparino of Fox Business News could have uncovered the latest activist hedge fund investing strategy, all as Herbalife Ltd. (NYSE:HLF) claims to have discovered bugs in its Los Angeles headquarters.
According to Gasparino’s report, Herbalife discovered “non-governmental bugs” over the past year. Herbalife is locked in a death cage battle with activist investor William Ackman, who has previously stated he thought the company’s share price could drop to zero rather quickly if regulators determine the company is a pyramid scheme or worse. Gasparino noted that Ackman has not been accused and he is unaware of who is behind the event.
Ackman...
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