LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Herbalife Ltd. (“Herbalife” or the “Company”) (NYSE: HLF) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at email@example.com.
On June 5, 2017, Herbalife announced that it was lowering its sales guidance, due to new Federal Trade Commission regulations that will hurt its sales more than expected. The Company’s stock price fell more than 6% when this news was announced, after having increased over 50% year-to-date through Friday. News sources reported that several insiders at Herbalife sold stocks and options in the past month, and that some executives, including general counsel, left the Company.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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