NEW YORK, Oct. 13, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of The Hain Celestial Group, Inc. (NASDAQ:
HAIN) between November 5, 2015 and
August 15, 2016. You are
hereby notified that a securities class action lawsuit has been
commenced in the USDC for the Eastern District of New York. To get more information go
to:
http://www.zlk.com/pslra/the-hain-celestial-group-inc
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that throughout the Class Period,
Defendants made false and misleading statements and/or failed to
disclose material adverse facts, including that: (1) Hain did not
have sufficient controls over financial reporting; and (2) Hain
failed to properly account for its revenue in connection with
certain US distributors.
On August 15, 2016, Hain announced
that it would delay the release of its fourth quarter and fiscal
year 2016 financial results because the Company was evaluating
whether the revenue associated with concessions granted to certain
distributors in the U.S. was accounted for in the correct period.
Hain also stated that it was evaluating its internal control over
financial reporting.
If you suffered a loss in Hain Celestial you have until
October 17, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://www.zlk.com/pslra/the-hain-celestial-group-inc.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP