Company Website:
http://www.girardgibbs.com
OAKLAND, Calif. -- (Business Wire)
Girard Gibbs LLP is investigating potential claims on behalf of
investors of Herbalife Ltd. (NYSE:HLF) involving possible securities law
violations.
To speak with a securities attorney regarding this class action
lawsuit investigation, click
here.
On June 5, 2017, Herbalife announced that it was cutting its sales
forecast due to new Federal Trade Commission regulations that will hurt
its sales more than expected. This news comes just one month after the
company announced it was raising its guidance, which drove the stock
price up more than 50% year-to-date through Friday, June 2, 2017.
Following this news, the share price plummeted nearly 7% on June 5, 2017
causing significant harm to investors.
Several insiders at Herbalife sold stocks and options in the past month,
and according to several news sources, some executives, including the
general counsel, have left the company, but the company has failed to
disclose this fact to investors.
If you purchased or acquired Herbalife shares and would like to speak
privately with a securities attorney to contribute to or learn more
about the investigation, visit our website
or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing
individual and institutional investors in securities
litigation to correct abusive corporate governance practices,
breaches of fiduciary duty, and proxy violations. The firm has recovered
over a billion dollars for its clients against some of the world’s
largest corporations, and has earned Tier-1 rankings and been named in
the U.S.
Lawyers – Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170605006281/en/
Contacts:
Girard Gibbs LLP
Eileen Epstein, 510-350-9728
EJE@CLASSLAWGROUP.COM
Source: Girard Gibbs LLP
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