LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP, representing investors of Herbalife Ltd. (“Herbalife” or the “Company”) (NYSE:HLF), has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class (the “Class”) comprising all purchasers of Herbalife securities between May 4, 2010 and April 11, 2014, inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224 or at (212) 682-5340, or by email to email@example.com to discuss this matter.
Herbalife is a network marketing company that sells weight management, nutritional supplement and personal care products through a global network of independent-distributor “Members,” most of whom are discount customers that purchase Herbalife products at wholesale prices and resell the products to other consumers or distributors. The Complaint alleges that throughout the Class Period (a) defendants issued false and misleading statements or failed to disclose that the Company’s operations were based on a pyramid scheme whereby its distributors generate revenue by recruiting other distributors rather than selling Herbalife’s diet and nutritional products to the general public, and (b) the Company engaged in deceptive trade practices and unduly pressured its Members to purchase more products to resell as one of its distributors.
If you are a member of the Class described above, you may move the Court no later than June 13, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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