From WSJ: "I've got a couple questions for you,"
hedge-fund manager David Einhorn told Herbalife Ltd. HLF -0.74% executives in a
May conference call for analysts and investors, before prodding them for five
minutes about sales practices at the nutritional-supplement company.
By the time Mr. Einhorn said, "Thanks so much,
guys," Herbalife's highflying shares were down 8.8%—and on their way to a
one-day slide of 20% that erased $1.6 billion of the stock-market value in the
Los Angeles company. Since then, the shares have fallen another 8.7%....
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