NEW YORK, March 3, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Herbalife Ltd. ("Herbalife" or the "Company") (NYSE:
HLF). Such investors are advised to contact Peretz Bronstein or his investor relations
analyst Yael Hurwitz at
info@bgandg.com or 212-697-6484.
The investigation concerns whether Herbalife and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
Herbalife is an American multinational multi-level marketing
corporation that develops, markets and sells nutrition supplements,
weight management, sports nutrition and personal-care products.
On March 3, 2016, pre-market,
Herbalife released in an SEC filing, that on March 1, 2016 Herbalife identified troublesome
information regarding its new "Active New Member" metric that was
listed on several of the company's 2015 reports. For a
certain marketing plan, Herbalife started tracking this
non-financial metric in 2015. Soon after, database scripting
errors led to both (i) the errant inclusion of extra groups of data
in calculating the metric for parts of 2015 which were not included
in the 2014 and prior period calculations; and (ii) quarterly
accumulation issues which produced discrepancies between periods.
Following this news, Herbalife stock dropped as much as
$4.31, or 7.6%, to $52.07 during early intraday trading on
March 3, 2016.
If you are aware of any facts relating to this investigation, or
purchased shares of Herbalife, you can assist this investigation by
visiting the firm's site: http://www.bgandg.com/#!hlf/fsqkn. You
can also contact Peretz Bronstein or
his Investor Relations Analyst, Yael
Hurwitz of Bronstein, Gewirtz & Grossman, LLC:
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC