NEW YORK, Aug. 16, 2016 /PRNewswire/ -- Wolf Popper LLP is
investigating potential claims on behalf of investors in The Hain
Celestial Group, Inc. (NASDAQ: HAIN), resulting from Hain's
disclosure that it will delay the release of its fourth quarter and
fiscal year 2016 financial results after identifying concessions
that were granted to certain distributors in the United
States. Hain investors can contact Fei-Lu Qian at 877.370.7703 or
fqian@wolfpopper.com for more information.
On August 15, 2016, Hain disclosed
that due to certain concessions, it is "evaluating whether the
revenue associated with those concessions was accounted for in the
correct period" and whether the revenue should have been recognized
at the time the products were sold to the end customers, instead of
at the time of shipment to such distributors.
On this disclosure, in pre-market trading on August 16, 2016, Hain common stock plummeted
approximately $14.00 per share or
approximately 27%.
Wolf Popper LLP has extensive experience representing
shareholders in securities class actions. The reputation and
expertise of the firm in representing shareholders has been
repeatedly recognized by the courts, which have appointed the firm
to major positions in securities litigation. See
www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: 877.370.7703
Fax: 877.370.7704
Email: fqian@wolfpopper.com
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SOURCE Wolf Popper LLP