Hedge fund manager Bill Ackman first invested against Herbalife, then lobbied politicians to go after the company. Eric Lipton of
The New York Times reported on the story, and he has more details.
Source: http://www.npr.org/2014/03/10/288712933/hedge-fund-turns-to-lobbying-to-back-up-its-billion-dollar-bet?ft=1&f=1006
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