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INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against LifeVantage Corporation and Encourages Investors with Losses to Contact the Firm

2016-09-16 11:13 ET - News Release


Company Website: https://goldberglawpc.com/
LOS ANGELES -- (Business Wire)

Goldberg Law PC (the “Firm”) announces a class action lawsuit has been filed against LifeVantage Corporation (“LifeVantage” or the “Company”) (Nasdaq: LFVN). Investors who purchased or otherwise acquired shares between November 4, 2015 and September 13, 2016 (the “Class Period”) are encouraged to contact the Firm in advance of the November 14, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the complaint, LifeVantage made false and/or misleading statements and/or failed to disclose: that the Company lacked effective internal financial controls; that LifeVantage improperly accounted for sales in certain international markets, along with associated revenue and income tax accruals; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On September 13, 2016, the Company announced that it would delay the release of its fourth quarter and fiscal year 2016 financial results. The reason for the delay was for LifeVantage to carry out an internal review of sales into certain international markets and the revenue and income tax associated with those sales. The Company stated that it is unable to estimate the impact of the review to aspects of its financial statements for the fiscal year ended June 30, 2016 or any potential prior periods. When this information was disclosed to the public, shares of LifeVantage fell in value, causing investors harm.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com
www.Goldberglawpc.com

Source: Goldberg Law PC

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