OAKLAND, Calif.--(BUSINESS WIRE)--Girard Gibbs LLP is investigating potential claims on behalf of investors of Herbalife Ltd. (NYSE:HLF) involving possible securities law violations.
To speak with a securities attorney regarding this class action lawsuit investigation, click here.
On June 5, 2017, Herbalife announced that it was cutting its sales forecast due to new Federal Trade Commission regulations that will hurt its sales more than expected. This news comes just one month after the company announced it was raising its guidance, which drove the stock price up more than 50% year-to-date through Friday, June 2, 2017. Following this news, the share price plummeted nearly 7% on June 5, 2017 causing significant harm to investors.
Several insiders at Herbalife sold stocks and options in the past month, and according to several news sources, some executives, including the general counsel, have left the company, but the company has failed to disclose this fact to investors.
If you purchased or acquired Herbalife shares and would like to speak privately with a securities attorney to contribute to or learn more about the investigation, visit our website or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
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