NEW YORK, May 29, 2014 /PRNewswire/ -- 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: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP