LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Herbalife, Ltd. (“Herbalife” or the “Company”) (NYSE: HLF) concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Herbalife investigation page on our website at www.glancylaw.com/case/herbalife-ltd-0.
On June 5, 2017 various news sources revealed that the Company’s general counsel, Mark Friedman, no longer holds the position. Mr. Friedman was the Herbalife executive involved in the Company’s settlement with U.S. regulators where Herbalife agreed to pay $200 million to settle charges that it deceived customers. The Company also announced today, poor operating results in connection with stronger regulations concerning its promotional practices.
On this news, shares of Herbalife fell over 7% per share during intraday trading on June 5, 2017.
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If you purchased Herbalife securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, 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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