NEW YORK, Dec. 15, 2014 /PRNewswire-HISPANIC PR WIRE/ — Pershing Square Capital Management today released a video showing that Herbalife distributors regularly make false and misleading medical claims about the health benefits of Herbalife products to potential distributors in direct violation of Food and Drug Administration regulations and a binding 1986 California court injunction that remains in effect which demanded that Herbalife and its distributors immediately stop this dangerous and illegal practice.

A review of publicly available video footage shows that Herbalife distributors have consistently and brazenly violated the injunction and the law over a more than 30-year period. It is impossible for Herbalife to claim that it is unaware of this rampant practice among its distributors given that these false claims are regularly made by top-level leaders and distributors within Herbalife’s organization, often at company-sponsored events. The video includes misleading statements from Herbalife CEO Michael Johnson; Chairman’s Club Members Chris Carley and Tanya McDowall; President’s Team members Larry and Heather Hulsey and Carla Berg; and Mary Holloway, sister of John Tartol, a Chairman’s Club and current Board Member of Herbalife, among others.

The full version of the video is here and more information can be found at www.FactsAboutHerbalife.com.

The video captures claims by distributors showcasing a range of false medical benefits, ranging from curing asthma, bronchitis, diabetes, and high blood pressure, to migraine and arthritis relief, weight and cellulite loss, and cholesterol reductions. Herbalife distributors are trained, often at company-sponsored events, to make false medical claims in order to lure potential recruits to purchase large quantities of products and to attempt the Herbalife “business opportunity,” which we have shown is a scam to separate Herbalife victims from their money.

Herbalife has previously been ordered to stop making these outlandish and fake claims. In 1986, The California State Attorney General and the County of Santa Cruz took Herbalife to court over the company’s use of false and misleading medical claims to promote its products and attract new distributors. As a result, the court issued a permanent and binding injunction, which requires that, among other things, Herbalife and its distributors no longer make claims that their products provide a host of unsubstantiated medical benefits, such as eliminating cellulite, curbing appetites while burning calories, and improving cardiovascular health. The California Attorney General has, to date, failed to enforce its own injunction against Herbalife.

A full copy of the California injunction can be found here.

“Herbalife infringes on the responsibility doctors have in the State of California to provide appropriate preventative care for our patients to the highest standard possible. By falsely claiming that Herbalife products are not only benefitting consumers health, but they are also allegedly able to cure chronic diseases such as diabetes, high blood pressure, or even migraines, Herbalife is placing the people in imminent peril. Herbalife must be stopped before they spread more lies and hence hurt people. Stop Herbalife, and let medical providers do their job in ameliorating health disparities,” said Dr. Sandra Salazar, a California family physician serving seniors, youth and families from Norwalk and neighboring communities also served by the Cerritos Community College District.

About Pershing Square Capital Management, L.P.

Pershing Square Capital Management, L.P. (“Pershing Square”), based in New York City, is a SEC-registered investment advisor to private investment funds. Pershing Square manages funds that are in the business of trading — buying and selling — securities and other financial instruments. Funds managed by Pershing Square are short the stock of Herbalife Ltd and own put options on the Company. Pershing Square may increase, decrease, dispose of, or change the form of its investment in Herbalife for any or no reason, at any time. Pershing Square may change its views about or its investment positions in Herbalife at any time, for any reason or no reason. Pershing Square may buy, sell, cover or otherwise change the form or substance of its Herbalife investment. Pershing Square disclaims any obligation to notify the market of any such changes. Please see the full Disclaimer appearing on website www.factsaboutherbalife.com.

CHERRY HILL, New Jersey, Dec. 15, 2014 /PRNewswire-HISPANIC PR WIRE/ — The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, recently donated a total of $750,000 in grants to food pantries throughout its footprint from Maine to Florida. The grants will assist in providing food to more than 46 million people, including a rising number of working Americans.

Logo – http://photos.prnewswire.com/prnh/20131120/MM21057LOGO

Recently, Feeding America reported that more than 25 million working Americans use food pantry services to receive a meal, and nearly three-fifths of this population seek food assistance on a monthly basis. With the influx of working Americans facing food insecurity, the grants will help support food pantries and ensure that thousands are fed for the holiday season and the New Year.

“There are thousands of working Americans who can’t afford to pay their rent and buy groceries, so they forfeit food,” said Elizabeth K. Warn, President of the TD Charitable Foundation and Senior Vice President of Community Relations for TD Bank. “The Foundation believes that it is our responsibility to support our communities, especially in times of need, so our partnership with food pantries across our footprint is extremely important.”

The following food pantries, listed by state, received grants:

• Connecticut: Foodshare, Inc. – Bloomfield
• Connecticut: Food Bank of Lower Fairfield – Stamford
• Connecticut: Colchester Youth & Social Services – Colchester
• Connecticut: Connecticut Food Bank, Inc. – New Haven
• Delaware: Food Bank of Delaware, Inc. – Newark
• Florida: Bread of the Mighty Food Bank – Gainesville
• Florida: Community Food Bank of Citrus County – Crystal River
• Florida: First Step Food Bank – Ocala
• Florida: Second Harvest Food Bank of Central Florida-Brevard Branch – West Melbourne
• Florida: Treasure Coast Food Bank, Inc. – Fort Pierce
• Florida: Catholic Charities Bureau, Inc. Lake City Regional Office – Lake City
• Maryland: Maryland Food Bank, Inc. – Baltimore
• Maryland: Manna Food Center, Inc. – Gaithersburg
• Massachusetts: Food Bank of Western Massachusetts – Hatfield
• New Hampshire: New Hampshire Food Bank – Manchester
• New Jersey: Mercer Street Friends Center – Trenton
• New Jersey: Community Food Bank of New Jersey, Inc. – Southern Branch- Egg Harbor Township
• New Jersey: Southern Regional Food Distribution
  Center – Vineland
• New York: Interfaith Council of Plattsburgh and Clinton County – Plattsburgh
• New York: Food Bank for Westchester, Inc. – Elmsford
• New York: Island Harvest, Ltd. – Mineola
• New York: The Salvation Army-Glens Falls Corps – Glens Falls
• North Carolina: Food Bank of Central and Eastern NC – Raleigh
• Pennsylvania: Philabundance – Philadelphia
• Rhode Island: Rhode Island Community Food Bank Association – Providence
• South Carolina: Lowcountry Food Bank, Inc. – Charleston
• South Carolina: South Carolina Food Bank Association – Columbia
• Vermont: Vermont Food Bank – Barre
• Virginia: Northern Virginia Family Service – Oakton
• Washington, DC: Capital Area Food Bank – DC

A staunch commitment to active involvement in the local community is a vital element of the TD Bank philosophy. TD Bank, America’s Most Convenient Bank® and the TD Charitable Foundation provide support to affordable housing, financial literacy and education, and environmental initiatives, many of which focus on improving the welfare of children and families.

About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America’s Most Convenient Bank®, and is one of the 10 largest commercial banking organizations in the United States. The Foundation’s mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made more than $131 million in charitable donations since its inception in 2002. The Foundation’s areas of focus are affordable housing, financial literacy and education, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.

About TD Bank, America’s Most Convenient Bank®  
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com.