BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Herbalife, Ltd. (“Herbalife” or the “Company”) (NYSE: HLF) investors concerning the Company and its officers’ possible violations of federal securities laws.
On June 5, 2017 the Company announced lowered sales guidance as a result of stronger federal regulations concerning its promotional practices. And, 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 federal regulators where Herbalife agreed to pay $200 million to settle charges that it deceived customers.
On this news, shares of Herbalife fell over 7% per share during intraday trading on June 5, 2017.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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