Glancy Prongay & Murray Commences Investigation on Behalf of Herbalife Ltd. Investors
March 22 2016 - 10:30AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160322005572/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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