INVESTOR ALERT: Investigation of Herbalife Ltd. Announced by Law Offices of Howard G. Smith
March 03 2016 - 3:34PM
Business Wire
Law Offices of Howard G. Smith 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. Injured investors
are encouraged to contact the Law Offices of Howard G. Smith to
discuss their legal rights, and a potential class action lawsuit to
recover investors’ losses.
On March 3, 2016, Herbalife announced in a Securities and
Exchange Commission ("SEC") filing, that on March 1, 2016 the
Company had identified problematic information concerning its
"Active New Member" metric provided on a number of the Company's
2015 earnings calls. The Company reported that active new members
increased 3.2 percent worldwide, and not the 16.7% cited on a
February 25, 2016 conference call; and, U.S. active members
increased 30.7 percent and not the 71 percent mentioned on the
February 25, 2016 conference call.
As of March 3, 2016 shares of Herbalife have fallen as much as
7%, to just $52.10 per share during intra-day trading.
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 Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20160303006563/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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