An investigation for investors in NYSE:HLF shares over potential securities laws violations by Herbalife Ltd. was announced and NYSE:HLF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/23/2016 -- An investigation for shareholders of Herbalife Ltd. (NYSE:HLF) was announced concerning possible securities laws violations by Herbalife in connection certain financial statements was announced.
Investors who purchased shares of Herbalife Ltd. (NYSE:HLF), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Herbalife Ltd. (NYSE:HLF) concerning whether a series of statements by Herbalife regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Herbalife Ltd. reported that its annual Total Revenue declined from over $4.95 billion in 2014 to over $4.46 billion in 2015 while its Net Income increased from $308.70 million in 2014 to $339.10 million in 2015.
On March 3, 2016, Herbalife Ltd. released in an SEC filing, that on March 1, 2016 Herbalife Ltd. identified certain information regarding its new "Active New Member" metric that was listed on several of the company's 2015 reports.
Herbalife Ltd. said it began tracking this non-financial metric in 2015 in connection with certain marketing plan changes and discussed it for the first time on its second quarter 2015 earnings call and that 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.
Shares of Herbalife Ltd. (NYSE:HLF) grew from $27.27 per share in late 2012 to as high as $81.81 per share in January 2014.
Shares of Herbalife Ltd. (NYSE:HLF) closed on March 21, 2016, at $62.97 per share.
Those who purchased shares of Herbalife Ltd. (NYSE:HLF) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com