NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of GNC Holdings Inc. (NYSE:GNC) resulting from allegations that GNC may have issued materially misleading business information to the investing public.
On February 3, 2015, the Wall Street Journal reported that New York Attorney General Eric Schneiderman ordered GNC Holdings Inc., and other retailers to stop selling store-brand herbal supplements after tests showed these supplements don’t usually contain the ingredient advertised. On this news, shares of GNC fell $0.73 per share on February 3, 2015, damaging investors. On March 10, 2015, New York Attorney General Eric Schneiderman announced the formation of a coalition of state attorneys general from Connecticut, Indiana, and Puerto Rico to investigate the business practices of the herbal supplement industry. On this news, shares of GNC fell $4.18 per share or over 8% to close at $44.83 per share on March 10, 2015, further damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by GNC investors. If you purchased shares of GNC before March 10, 2015, please visit the website at http://rosenlegal.com/cases-543.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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