SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Herbalife Ltd. (HLF)

Mar 03, 2016, 12:35 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, March 3, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Herbalife Ltd. ("Herbalife" or the "Company") (NYSE: HLF).  Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or 212-697-6484.

The investigation concerns whether Herbalife and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Herbalife is an American multinational multi-level marketing corporation that develops, markets and sells nutrition supplements, weight management, sports nutrition and personal-care products.

On March 3, 2016, pre-market, Herbalife released in an SEC filing, that on March 1, 2016 Herbalife identified troublesome information regarding its new "Active New Member" metric that was listed on several of the company's 2015 reports.  For a certain marketing plan, Herbalife started tracking this non-financial metric in 2015.  Soon after, database scripting errors led to both (i) the errant inclusion of extra groups of data in calculating the metric for parts of 2015 which were not included in the 2014 and prior period calculations; and (ii) quarterly accumulation issues which produced discrepancies between periods.  Following this news, Herbalife stock dropped as much as $4.31, or 7.6%, to $52.07 during early intraday trading on March 3, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Herbalife, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!hlf/fsqkn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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