This just got personal.
Herbalife Ltd. has obtained the rights to domain names such as therealbillackman.com and billackman.net, a sign that the Los Angeles nutritional products company may be planning a public campaign against one of its biggest critics -- billionaire hedge fund manager Bill Ackman.
Ackman said Herbalife is worried about his assertions that it is a pyramid scheme in which distributors are paid more for recruiting new distributors than for selling its diet shakes and protein powders.
“What legitimate company would do something like that?” Ackman told Bloomberg News. “The spotlight is on Herbalife and they are doing everything they can do to turn it away.”