NEW YORK, March 22, 2016 /PRNewswire/ -- Levi & Korsinsky, LLP is investigating Herbalife Ltd. ("Herbalife" or the "Company") (NYSE: HLF) in connection with possible violations of federal securities laws by the Company and/or certain officers and directors.
To get more information, click here: http://zlk.9nl.com/herbalife-hlf. There is no cost or obligation to you.
On March 1, 2016, Herbalife disclosed that the Company identified errant information regarding its new "Active New Member" metric that was provided on certain of the Company's 2015 earnings calls. The Company began tracking this non-financial metric in 2015 in connection with certain marketing plan changes and discussed it for the first time during its second quarter 2015 earnings call. However, database scripting errors led to both (i) the errant inclusion of additional categories of data in calculating the metric for parts of 2015 which were not included in the 2014 and prior period calculations and (ii) quarterly aggregation issues which created variances from period-to-period depending on when the greatest level of activity occurred during the relevant period.
If you own common stock in Herbalife and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/herbalife-hlf.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-the-law-firm-of-levi--korsinsky-llp-launches-an-investigation-into-possible-violations-of-federal-securities-laws-by-the-board-of-directors-of-herbalife-ltd---hlf-300239662.html
SOURCE Levi & Korsinsky, LLP