The Hain Celestial Group Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | The Hain Celestial Group Inc |
Stock Symbol : | NASDAQ: HAIN |
Class Period Start: | 11/05/2015 |
Class Period End: | 08/15/2016 |
Lead Plaintiff motion: | 10/17/2016 |
Date Filed: | 08/17/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 17, 2016 lead plaintiff deadline in a class action lawsuit filed against The Hain Celestial Group Inc (NASDAQ: HAIN) (“Hain” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased The Hain Celestial Group Inc securities between November 5, 2015 and August 15, 2016, have until October 17, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased The Hain Celestial Group Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Hain lacked effective internal control over financial reporting; that the Company failed to properly account for revenue associated with concessions that were granted to certain distributors in the United States; and a result of the above, Hain’s statements about its business, operations and prospects, were false and misleading and/or lacked a reasonable basis. On August 15, 2016, Hain revealed that it would delay the release of its fourth quarter and fiscal year 2016 financial results due to the Company having to evaluate its internal controls and whether the revenue associated with certain concessions was accounted for in the correct period. Following this news, NASDAQ: HAIN price fell $14.05, or 26.31%, to close at $39.35 on August 16, 2016. If you were negatively impacted by your investment in The Hain Celestial Group Inc securities between November 5, 2015 and August 15, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |