California federal judge, Dale Susan Fischer, has now dismissed this short-sighted shareholder class-action suit, arguing that
Based on the limited complaint with which she was presented, Judge Fischer was not able to recognize 'Herbalife' as being one part of an ongoing criminogenic phenomenon of historic significance. Contrary to how the 'Herbalife' Ministry of Truth has attempted to spin this news, when translated into to plain English, Judge Fischer has not ruled that Bill Ackman's analysis of 'Herbalife' as the legally-registered corporate-front for a criminal enterprise, was inaccurate. She has evidently ruled that, in her opinion, anyone (including advisers to pension funds) who was so reckless as to have bought 'Herbalife' shares between May 4th 2010 and April 11th 2014, only has themselves to blame, because Bill Ackman's analysis proved that there was sufficient information publicly available in order for anyone to apply common-sense and deduce that 'Herbalife' shares were probably not a wise investment.
David Brear (copyright 2015)