BOSTON, Aug. 15, 2016 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether The Hain Celestial Group, Inc. ("Hain" or the "Company") (NASDAQ: HAIN) violated federal securities laws following the Company's announcement that it will delay the release of its fourth quarter and full fiscal year 2016 results due to potential accounting errors, sending Hain shares plummeting.
Shares in Hain have fallen nearly 25% in after-hours trading, and continue to slide, on the Company's announcement that it is evaluating whether the revenue associated with the concessions granted to certain distributors was improperly recognized and that Hain would delay its fourth quarter and full fiscal year financial results. This news and the resultant stock drop has caused hundreds of millions in losses to investors.
If you purchased or otherwise acquired Hain securities prior to August 15, 2016 and have questions about your legal rights or possess information relevant to this investigation, please contact attorneys Steven Harte or Bradley Vettraino at (617) 398-5600, by email at [email protected] or [email protected], or visit www.blockesq.com/hain.
Confidentiality to whistleblowers or others with information relevant to the lawsuit 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 100 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.
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SOURCE Block & Leviton LLP