NEW YORK, Aug. 16, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of The Hain Celestial Group, Inc. ("Hain" or the
"Company") (NASDAQ: HAIN). Such investors are advised to contact
Peretz Bronstein or his investor
relations analyst, Yael Hurwitz at
info@bgandg.com or 212-697-6484.
The investigation concerns whether Hain and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On August 15, 2016, post-market
Hain said it would be delaying its fourth quarter and fiscal year
2016 financial results, "[d]uring the fourth quarter, the
Company identified concessions that were granted to certain
distributors in the United States.
The Company is currently evaluating whether the revenue
associated with those concessions was accounted for in the correct
period and is also currently evaluating its internal control over
financial reporting. The Audit Committee of the Company's
Board of Directors is conducting an independent review of these
matters and has retained independent counsel to assist in that
review." Hain also said that it does not anticipate reaching
its previously announced guidance for fiscal year 2016.
Following this news, Hain stock dropped as much as $15.90, or roughly 29%, to $39.45 during after-hours trading on August 15, 2016.
If you purchased Hain shares or if you are aware of any facts
relating to this investigation, you can assist this investigation
by visiting the firm's site: http://www.bgandg.com/hain. You
can also contact Peretz Bronstein or
his Investor Relations Analyst, Yael
Hurwitz of Bronstein, Gewirtz & Grossman, LLC:
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC