Ackman outspent by Herbalife in lobbying battle
March 09, 2014 at 15:00 PM EDT
BOSTON, March 9 (Reuters) - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.