Herbalife Ltd. (NYSE: HLF)
A class action has been filed in the United States District Court for the Central District of California on behalf of a class (the “Class”) comprising all purchasers of Herbalife securities between May 4, 2010 and April 11, 2014, inclusive (the “Class Period”).
The action alleges that throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose material facts regarding Herbalife’s business, operational and compliance policies, specifically that: (i) Herbalife’s operations were based on a pyramid scheme whereby its distributors generated revenue by recruiting other distributors, rather than by selling Herbalife’s diet and nutritional products to the general public; (ii) the Company engaged in deceptive trade practices where it unduly pressured its members to purchase more products to resell as one of its “distributors”; and (iii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.
If you are a current shareholder and/or purchased stock between May 4, 2010 and April 11, 2014 and would like to discuss your options of exercising your rights as a shareholder, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.