BOSTON, Sept. 14, 2016 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Lifevantage Corporation ("Lifevantage" or the "Company") (NASDAQ CM: LFVN) 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 Lifevantage shares plummeting.
Shares in Lifevantage have fallen more than 20% and continue to slide on the Company's September 13, 2016 announcement that it is delaying the release of its fourth quarter and full fiscal year 2016 financial results and has launched an internal investigation. The internal investigation "relates to sales of the Company's products in certain international markets and the determination of revenue and the deductibility of commission and incentive expenses associated with such sales, as well as the policies and procedures related to sales in those specific markets." This news and the resultant stock drop has caused millions in losses to investors.
If you purchased or otherwise acquired Lifevantage securities prior to September 13, 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 firstname.lastname@example.org or email@example.com, or visit www.blockesq.com/lifevantage.
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 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.
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SOURCE Block & Leviton LLP