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On January 29, 2016, the battle between the hedge-fund billionaire William Ackman and Herbalife reached a conclusion.

William Ackman was accusing Herbalife for carrying out a fraudulent business model. Moreover, he was expecting Herbalife’s business to deteriorate, whether or not the authorities shut down the company.

It was announced that the probes by the authorities did not find sufficient evidence of criminal wrongdoing, after almost two years of investigation.