INVESTOR ALERT: Class Action Lawsuit Against Herbalife Ltd. Filed By Glancy Binkow & Goldberg LLP
April 17 2014 - 10:32AM
Business Wire
Glancy Binkow & Goldberg LLP, representing investors of
Herbalife Ltd. (“Herbalife” or the “Company”) (NYSE:HLF), has filed
a class action lawsuit in the United States District Court for the
Central District of California on behalf of a class (the “Class”)
comprising all purchasers of Herbalife securities between May 4,
2010 and April 11, 2014, inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at
(888) 773-9224 or at (212) 682-5340, or by email to
shareholders@glancylaw.com to discuss this matter.
Herbalife is a network marketing company that sells weight
management, nutritional supplement and personal care products
through a global network of independent-distributor “Members,” most
of whom are discount customers that purchase Herbalife products at
wholesale prices and resell the products to other consumers or
distributors. The Complaint alleges that throughout the Class
Period (a) defendants issued false and misleading statements or
failed to disclose that the Company’s operations were based on a
pyramid scheme whereby its distributors generate revenue by
recruiting other distributors rather than selling Herbalife’s diet
and nutritional products to the general public, and (b) the Company
engaged in deceptive trade practices and unduly pressured its
Members to purchase more products to resell as one of its
distributors.
If you are a member of the Class described above, you may move
the Court no later than June 13, 2014, to serve as lead plaintiff,
if you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Michael Goldberg,
Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow &
Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York
10168, at (212) 682-5340, by e-mail 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.
Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael
Goldberg, 888-773-9224orGlancy Binkow & Goldberg LLP, New York,
NYGregory Linkh, 212-682-5340 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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