INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against LifeVantage Corp. & Encourages Investors wi...
September 16 2016 - 11:13AM
Business Wire
Goldberg Law PC (the “Firm”) announces a class action lawsuit
has been filed against LifeVantage Corporation (“LifeVantage” or
the “Company”) (Nasdaq: LFVN). Investors who purchased or otherwise
acquired shares between November 4, 2015 and September 13, 2016
(the “Class Period”) are encouraged to contact the Firm in advance
of the November 14, 2016 lead plaintiff
motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, LifeVantage made false and/or
misleading statements and/or failed to disclose: that the Company
lacked effective internal financial controls; that LifeVantage
improperly accounted for sales in certain international markets,
along with associated revenue and income tax accruals; and that as
a result of the above, the Company’s public statements were
materially false and misleading at all relevant times. On
September 13, 2016, the Company announced that it would delay the
release of its fourth quarter and fiscal year 2016 financial
results. The reason for the delay was for LifeVantage to carry out
an internal review of sales into certain international markets and
the revenue and income tax associated with those sales. The Company
stated that it is unable to estimate the impact of the review to
aspects of its financial statements for the fiscal year ended June
30, 2016 or any potential prior periods. When this information was
disclosed to the public, shares of LifeVantage fell in value,
causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160916005553/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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