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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160916005553/en/
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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