Shareholder Alert: Girard Gibbs LLP Investigates Potential Securities Claims for Investors of Herbalife
June 05 2017 - 6:32PM
Business Wire
Girard Gibbs LLP is investigating potential claims on behalf of
investors of Herbalife Ltd. (NYSE:HLF) involving possible
securities law violations.
To speak with a securities attorney regarding this class
action lawsuit investigation, click here.
On June 5, 2017, Herbalife announced that it was cutting its
sales forecast due to new Federal Trade Commission regulations that
will hurt its sales more than expected. This news comes just one
month after the company announced it was raising its guidance,
which drove the stock price up more than 50% year-to-date through
Friday, June 2, 2017. Following this news, the share price
plummeted nearly 7% on June 5, 2017 causing significant harm to
investors.
Several insiders at Herbalife sold stocks and options in the
past month, and according to several news sources, some executives,
including the general counsel, have left the company, but the
company has failed to disclose this fact to investors.
If you purchased or acquired Herbalife shares and would like to
speak privately with a securities attorney to contribute to or
learn more about the investigation, visit our website or contact
the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms
representing individual and institutional investors
in securities litigation to correct abusive corporate
governance practices, breaches of fiduciary duty, and proxy
violations. The firm has recovered over a billion dollars for its
clients against some of the world’s largest corporations, and has
earned Tier-1 rankings and been named in the U.S. Lawyers –
Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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Girard Gibbs LLPEileen Epstein,
510-350-9728EJE@CLASSLAWGROUP.COM
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