INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of The Hain Celestial Group, Inc. of a Class Action Lawsuit & a Le...
October 10 2016 - 12:15PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of The Hain Celestial Group, Inc. (NASDAQ:
HAIN) between November 5, 2015 and August
15, 2016. You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Eastern District of New York. To get more information go
to:
http://www.zlk.com/pslra/the-hain-celestial-group-inc
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period,
Defendants made false and misleading statements and/or failed to
disclose material adverse facts, including that: (1) Hain did not
have sufficient controls over financial reporting; and (2) Hain
failed to properly account for its revenue in connection with
certain US distributors.
On August 15, 2016, Hain announced that it would delay the
release of its fourth quarter and fiscal year 2016 financial
results because the Company was evaluating whether the revenue
associated with concessions granted to certain distributors in the
U.S. was accounted for in the correct period. Hain also stated that
it was evaluating its internal control over financial
reporting.
If you suffered a loss in Hain Celestial you have until
October 17, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/pslra/the-hain-celestial-group-inc.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161010005878/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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