LOS ANGELES--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Herbalife Nutrition Ltd. (NYSE: HLF) (“Herbalife” or “the Company”) concerning whether the board breached its fiduciary duties to shareholders.
On May 7, 2020, Herbalife disclosed that it would pay $123 million in aggregate penalties, disgorgement, and prejudgment interest to resolve bribery investigations by the U.S. Securities and Exchange Commission and U.S. Department of Justice in connection with the Company’s China operations.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
If you purchased Herbalife shares before January 1, 2017, 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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