Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until October 17, 2016 to file lead plaintiff applications
in a securities class action lawsuit against The Hain Celestial Group,
Inc. (NasdaqGS: HAIN), if they purchased the Company’s securities
between November 5, 2015 and August 16, 2016, inclusive (the “Class
Period”). This action is pending in the United States District Court for
the Eastern District of New York.
What You May Do
If you purchased shares of Hain and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by October 17, 2016.
About the Lawsuit
Hain and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
securities laws.
On August 15, 2016, Hain announced that it was delaying the release of
its fourth quarter and fiscal year 2016 financial results and does not
expect to achieve its previously announced guidance for fiscal year
2016. Hain also disclosed that it “identified concessions that were
granted to certain distributors” and was “evaluating whether the revenue
associated with those concessions was accounted for in the correct
period and is also currently evaluating its internal control over
financial reporting.”
On this news, the price of Hain’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160826005011/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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