NEW YORK, June 5, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Herbalife Ltd. ("Herbalife" or the "Company") (NASDAQ: HLF).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on June 5, 2017, the Company announced it was lowering its financial guidance, however this was just one month after announcing raised guidance. In addition, multiple news outlets reported that the Company's general counsel, Mark Friedman, who was the Herbalife executive involved in the 2016 settlement with U.S. regulators about deceiving investors, had left the position.
On this news, Herbalife's share price has declined during intraday trading on June 5, 2017, causing harm to investors.
If you invested in Herbalife stock or options and would like to discuss your legal rights, click here:www.faruqilaw.com/HLF. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail torgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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