An investigation for current long-term investors in shares of Lifevantage Corporation (NASDAQ:LFVN) over potential wrongdoing by certain officers and directors of Lifevantage Corporation was continues and current long-term NASDAQ:LFVN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 10/15/2012 -- An investigation on behalf of current long-term stockholders of shares of Lifevantage Corporation (NASDAQ:LFVN) was announced concerning whether certain Lifevantage officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholder of shares of Lifevantage Corporation (NASDAQ:LFVN), including those who current hold NASDAQ:LFVN shares since years, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Lifevantage officers and directors breached their fiduciary duties in connection with their conduct of seeking shareholders’ approval of the compensation for Lifevantage’s named executive officers.
Lifevantage Corporation (NASDAQ:LFVN) reported that its Total Revenue rose from $38.92 million for the 12 months period that ended on June 30, 2011 to $126.18 million for the 12 months period that ended on June 30, 2012 and its Net Loss of $50.79 million for the 12 months period that ended on June 30, 2011 turned into a Net Income of $12.47 million for the 12 months period that ended on June 30, 2012.
The compensation of certain top officials at Lifevantage Corporation (NASDAQ:LFVN) increased between 2011 and 2012. For instance, the President of Lifevantage Network’s pay rose from over $476,000 in 2011 to over $600,000 in 2012, the Chief Science Officer’s pay increase from over $529,000 in 2011 to over $1.06 million in 2012, and the Chief Network Officer’s compensation rose from over $322,000 in 2011 to over $504,000 in 2012.
Shares of Lifevantage Corporation (NASDAQ:LFVN) closed on October 12, 2012, at $3.38 per share.
Those who purchased shares of Lifevantage Corporation (NASDAQ:LFVN), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com