Ackman’s Foe Herbalife Lobbies Congress to Curb Short-Sellers

(Fox Business) Shares of Herbalife are surging this year, but company executives are taking no chances against their old nemesis, hedge fund manager Bill Ackman, as they press legislation in Congress to make life much more difficult for investors who try to make money betting on a stock’s collapse, FOX Business Network has learned….Herbalife is part of a behind-the-scenes lobbying effort in Congress to pass legislation that would force short-sellers – or investors who bet that stocks will fall – to face similar disclosure requirements as those investors who are “long,” or simply buy a stock and hold it….

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