An investigation for investors in Herbalife Ltd. shares over potential securities laws violations by Herbalife Ltd. was announced and NYSE:HLF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/23/2017 -- An investigation was announced for investors of Herbalife Ltd. (NYSE:HLF) shares over potential securities laws violations by Herbalife Ltd.
Investors who purchased shares of Herbalife Ltd. (NYSE:HLF), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Herbalife Ltd. (NYSE:HLF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 5, 2017, Herbalife Ltd announced that it was lowering its sales guidance, advising investors that new Federal Trade Commission regulations will have a great impact than expected on the Company's sales.
In addition, news outlets reported that Mark Friedman, the Herbalife executive involved in a 2016 settlement with U.S. regulators pursuant to which Herbalife agreed to pay $200 million to settle charges of deceiving customers, has stepped down from his position as general counsel.
On June 22, 2017, NYSE:HLF shares closed at $72.88 per share.
Those who purchased shares of Herbalife Ltd. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego