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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Herbalife Ltd (NYSE: HLF) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Herbalife Ltd (NYSE: HLF) concerning whether a series of statements by Herbalife Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 1, 2016, Herbalife revealed that the Company identified troublesome information regarding its new “Active New Member” metrix that was listed on many of Herbalife's 2015 reports. Herbalife began tracking this non-financial metric in 2015 in relation to a particular marketing plan. Afterward, the database scripting errors led to the errant inclusion of additional groups of data in calculating the metric for parts of 2015 which were not included in the 2014 and prior period calculations and quarterly accumulation issues which created discrepancies between periods.
On this news, NYSE: HLF shares declined causing investors harm.
Based in Grand Cayman, the Cayman Islands, and founded in 1980 Herbalife Ltd is a nutrition company, developing and selling weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products and personal care products.
If you purchased shares of Herbalife Ltd (NYSE: HLF) on or before March 1, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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