Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Herbalife Ltd. ("Herbalife" or the "Company") (NYSE: HLF) concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.
On March 3, 2016, Herbalife disclosed that the Company had identified “errant information regarding the Company’s new ‘Active New Member’ metric that was provided on certain of the Company’s 2015 earnings calls.” The Company also identified specific false statements regarding Active New Subscriber growth from the calls, and issued dramatically reduced figures for many of those statements.
On this news, Herbalife stock fell $3.96 per share, or 7%, to close at $52.42 on March 3, 2016, thereby injuring investors.
If you purchased Herbalife securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160322005572/en/
Contacts:
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
