IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against LifeVantage Corp. & Encourages I...
September 16 2016 - 1:10PM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit has
been filed against LifeVantage Corporation (“LifeVantage” or the
“Company”) (Nasdaq: LFVN) concerning possible violations of federal
securities laws between November 4, 2015 and September 13, 2016
(the “Class Period”). Investors who purchased or otherwise acquired
shares during the Class Period should contact the Firm before the
November 14, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a
class is certified, you are not considered represented by an
attorney. You may also choose to do nothing and be an absent class
member.
According to the complaint, during the Class Period, 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
released, shares of LifeVantage decreased in value, causing
investors harm.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
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/20160916005711/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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