INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Herbalif...
27 Mai 2014 - 4:32PM
Business Wire
Law Offices of Howard G. Smith reminds investors that all
purchasers of the securities of Herbalife Ltd. (“Herbalife” or the
“Company”) (NYSE:HLF) between May 4, 2010 and April 11, 2014,
inclusive (the “Class Period”), have until June 13, 2014, to file a
motion to be appointed as lead plaintiff in the shareholder
lawsuit.
Herbalife is a network marketing company that sells weight
management, nutritional supplement and personal care products
through a global network of independent-distributor “Members,” most
of whom are discount customers that purchase Herbalife products at
wholesale prices and resell the products to other consumers or
distributors. The Complaint alleges that throughout the Class
Period (a) defendants issued false and misleading statements or
failed to disclose that the Company’s operations were based on a
pyramid scheme whereby its distributors generate revenue by
recruiting other distributors rather than selling Herbalife’s diet
and nutritional products to the general public, and (b) the Company
engaged in deceptive trade practices and unduly pressured its
Members to purchase more products to resell as one of its
distributors.
If you purchased Herbalife securities during the Class Period,
you may move the Court no later than June 13, 2014, to serve as
lead plaintiff, if you meet certain legal requirements. To be a
member of the Class, you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this
action, 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 http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847(888)
638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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