NEW YORK, Sept. 14, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at LifeVantage Corporation ("LifeVantage" or the "Company") (NASDAQ: LFVN).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose potential accounting procedure errors in its fourth quarter and full fiscal year 2016 results.
Specifically, after markets closed on September 13, 2016, the Company announced that it would not release its fourth quarter and fiscal year 2016 financial results on time due to accounting issues on sales into certain international markets and the revenue and income tax accruals associated with such sales. The Company also stated that an independent review by the Company's Audit Committee is currently underway. Since the announcement, Company's share price has dropped.
Request more information now by clicking here: www.faruqilaw.com/LFVN. There is no cost or obligation to you.
If you invested in LifeVantage stocks or options and would like to discuss your legal rights, visit www.faruqilaw.com/LFVN. 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 to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding LifeVantage's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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