Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC (the “Firm”) announces a class action lawsuit has been filed
against LifeVantage Corporation (“LifeVantage” or the “Company”)
(Nasdaq: LFVN) concerning possible violations of federal securities laws
between November 4, 2015 and September 13, 2016 (the “Class Period”).
Investors who purchased or otherwise acquired shares during the Class
Period should contact the Firm before the November 14, 2016 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC,
at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
According to the complaint, during the Class Period, 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 released, shares of LifeVantage
decreased in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders’ rights.
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/20160919005994/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
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