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Jan. 10, 2013

Shareholder activism on the rise

Lawyers say shareholder activism increased in 2012, with large companies facing activity once more common with their smaller counterparts.


By David Ruiz


Daily Journal Staff Writer

Last month during a conference presentation in Manhattan, billionaire investor Bill Ackman held forth for three hours about problems he sees with Herbalife International of America Inc., a nutritional and weight-loss supplement manufacturer. Ultimately, he called it a "pyramid scheme" in explaining why his hedge fund was shorting shares in the company - perhaps $1 billion worth, according to ...

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