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Herbalife Ltd. (HLF) News: Broad Coalition, New Adviser & More

Editor’s Note:  Herbalife Ltd. (NYSE:HLF)

The Broadening Coalition Backing Herbalife In Its Battle With Bill Ackman (Forbes)
Herbalife, the controversial seller of diet shakes, keeps attracting big players to its cause, assembling a broad coalition of prominent supporters as it fights hedge fund manager William Ackman’s accusation that it is operating an illegal pyramid scheme. Last week Herbalife added two influential backers that could prove to be important allies. Antonio Villaraigosa, the former mayor of Los Angeles, has hopped on board to serve as a senior advisor to Michael Johnson, the chief executive of Herbalife, and the company’s board of directors.

Herbalife Ltd. (NYSE:HLF)

Former L.A. Mayor Villaraigosa Accepts Job with Herbalife, Criticism Swift & Harsh (Hispanically Speaking News)
The former Mayor of Los Angeles, Antonio Villaraigosa has been hired to be an adviser to the controversial Herbalife Ltd. (NYSE:HLF), the company announced through a press release. The announcement received swift and harsh criticism from the Latino community. The Mexican-American former mayor will advise the California-based entity on ‘strategic business development and global community outreach.’ Villaraigosa, 60, is joining the firm during an especially critical time as the company fights accusations of being a pyramid scheme that takes advantages of many, especially Latinos.

Antonio Villaraigosa supplements Herbalife (Politico)
After leaving office in June, former Los Angeles Mayor Antonio Villaraigosa has found a new gig as consultant for Herbalife Ltd. (NYSE:HLF). The company said in a press release that Villaraigosa, who served as eight years as mayor, will “provide counsel on strategic business development and global community outreach” and “serve as a senior advisor to Herbalife Chief Executive Michael O. Johnson and the company’s board of directors.”

Herbalife Joins 26th Annual Hispanic Heritage Awards as Sponsor of Inspira Award (Heraldonline.com)
Last night, Herbalife Ltd. (NYSE:HLF) was a key sponsor of the 2013 Hispanic Heritage Awards. The prestigious Awards, which celebrate Hispanic cultural pride, contributions, and accomplishments, took place on Thursday, Sept. 5, at the John F. Kennedy Center for the Performing Arts in Washington, D.C. and will be broadcasted on MundoFox on Sunday, Sept. 15, at 7:00 p.m.

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