An investigation for investors in Herbalife Ltd. (NYSE: HLF) shares over potential securities laws violations by Herbalife Ltd. was announced.
San Diego, CA -- (SBWIRE) -- 02/22/2019 -- An investigation was announced over possible violations of securities laws by Herbalife Ltd and certain of its directors and officers in connection with certain financial statements.
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 +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements regarding Herbalife's business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles CA based Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. Herbalife Ltd. reported that its annual Total Revenue declined from over $4.48 billion in 2016 to over $4.42 billion in 2017 and that its Net Income declined from $260.00 million in 2016 to $213.90 million in 2017.
On February 7, 2019, an article was published disclosing that Herbalife's CEO had been recorded making comments about "bypassing internal accounting policies."
Shares of Herbalife Ltd. (NYSE: HLF) declined from $61.77 per share on February 5, 2019 to $57.38 per share on February 8, 2019.
Those who purchased shares of Herbalife Ltd. (NYSE: HLF) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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