BOSTON, June 5, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces that it has commenced an investigation of Herbalife Ltd. (NYSE: HLF) concerning possible violations of the federal securities laws.
If you purchased or otherwise acquired Herbalife securities between May 4, 2017 and June 2, 2017, and have questions about your legal rights, you are encouraged to contact attorney Jacob Walker at (617)398-5600, by e-mail at firstname.lastname@example.org, or by visiting www.blockesq.com/herbalife.
On June 5, 2017, Herbalife announced that it was lowering guidance, just one month after announcing raised guidance which drove the stock price to new highs. During the time between the initial announcement on May 4 and today, insiders at Herbalife sold stock and options. It has also been alleged that the company's general counsel and other executives have left Herbalife, but that the company has failed to disclose this fact to investors.
Herbalife shares were down over 5% this morning on this news.
Purchasers of Herbalife securities between May 4, 2017 and June 5, 2017 interested in learning more about their legal rights are encouraged to contact attorney Jacob Walker at (617)398-5600, by e-mail at email@example.com, or by visiting www.blockesq.com/herbalife.
Confidentiality to whistleblowers or others with information relevant to the investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
This notice may constitute attorney advertising.
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SOURCE Block & Leviton LLP