Tuesday, May 1, 2012

Reuters: Global Markets: Herbalife shares tank on Einhorn remarks

Reuters: Global Markets
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Herbalife shares tank on Einhorn remarks
May 1st 2012, 16:44

Tue May 1, 2012 12:44pm EDT

(Reuters) - Shares of nutrition and weight loss company Herbalife Ltd (HLF.N) fell more than 20 percent after influential short-seller David Einhorn questioned why the company had stopped disclosing distributor names in its annual filings.

Greenlight Capital's Einhorn raised the issue during the company's earnings call on Tuesday.

Shares of Herbalife fell to a low of $55.72 on Tuesday morning on the New York Stock Exchange.

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