SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Herbalife Ltd. and Its Board of Directors ...
24 April 2014 - 9:12AM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Central
District of California on behalf of investors who purchased
Herbalife Ltd. ("Herbalife" or the "Company") (NYSE:HLF) common
stock between May 4, 2010 and April 11, 2014.
For more information, click here:
http://zlk.9nl.com/herbalife-hlf.
The complaint alleges that Herbalife made materially false and
misleading statements and/or failed to disclose material facts
including: (a) that Herbalife's operations were based on a pyramid
scheme whereby its distributors generated revenue by recruiting
other distributors, rather than by sale of Herbalife's diet and
nutritional products to the general public; (b) that the Company
engaged in deceptive trade practices wherein it pressured members
to purchase more products to resell as one of its "distributors;"
and that (c) as a result of the aforementioned, the Company's
financial statements were materially false and misleading at all
relevant times.
If you suffered a loss in Herbalife you have until June 13, 2014
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/herbalife-hlf.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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