INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Aga...
03 Juni 2014 - 4:32PM
Business Wire
Glancy Binkow & Goldberg LLP reminds investors of Herbalife
Ltd. (“Herbalife” or the “Company”) (NYSE:HLF) that all purchasers
of Herbalife securities 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 are a member of the Class described above, you may move
the Court no later than June 13, 2014, to serve as lead plaintiff;
however, you must 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 or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of
Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920,
New York, New York 10168, at (212) 682-5340, by e-mail to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLPLos AngelesMichael Goldberg,
888-773-9224orNew YorkGregory Linkh, 212-682-5340shareholders@glancylaw.comwww.glancylaw.com
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