NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Levi & Korsinsky, LLP announces that it has commenced an investigation of GNC Holdings Inc. ("GNC Holdings" or the "Company") (NYSE: GNC) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 22, 2015, the Oregon Department of Justice filed a lawsuit against GNC Holdings claiming that the company's nutritional and dietary supplements contain the unapproved stimulants picamilon and BMPEA. Said Attorney General Rosenblum, "It is scary to know that certain products sold by GNC contain an ingredient that is not even labeled—let alone approved in the United States." Then on October 28, 2015, GNC Holdings reported third-quarter earnings of $45.8 million and revenue of just $672.2 million, compared to a forecasted revenue of $684.8 million. On October 29, 2015, following this news, shares of GNC Holdings were down 22.8% on intraday trading. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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