NEW ORLEANS, Sept. 23, 2016 /PRNewswire/ -- 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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC