HAIN SHAREHOLDER ALERT By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess o...
August 26 2016 - 10:07PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until October 17, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
The Hain Celestial Group, Inc. (NasdaqGS: HAIN), if they purchased
the Company’s securities between November 5, 2015 and August 16,
2016, inclusive (the “Class Period”). This action is pending in the
United States District Court for the Eastern District of New
York.
What You May Do
If you purchased shares of Hain and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by October 17, 2016.
About the Lawsuit
Hain and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On August 15, 2016, Hain announced that it was delaying the
release of its fourth quarter and fiscal year 2016 financial
results and does not expect to achieve its previously announced
guidance for fiscal year 2016. Hain also disclosed that it
“identified concessions that were granted to certain distributors”
and was “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.”
On this news, the price of Hain’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160826005011/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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