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Investigation announced for Investors in shares of Herbalife Nutrition Ltd. (NYSE: HLF)

06-02-2020 12:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Herbalife Nutrition Ltd. (NYSE: HLF) shares over potential securities laws violations.

An investigation for investors in Herbalife Nutrition Ltd. (NYSE: HLF) shares over potential securities laws violations.

An investigation was announced concerning potential securities laws violations by Herbalife Nutrition Ltd. in connection with certain financial statements.

Investors who purchased shares of Herbalife Nutrition Ltd. (NYSE: HLF), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Herbalife Nutrition Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Los Angeles, CA based Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. Herbalife Nutrition Ltd. Reported that its annual Total Revenue declined from over $4.89 billion in 2018 to over $4.87 billion in 2019, and that its Net Income increased from $296.6 million in 2018 to $311 million in 2019.

On May 7, 2020, Herbalife Nutrition Ltd. filed its quarterly report for the first quarter of 2020 with the U.S. Securities and Exchange Commission ("SEC"). In its quarterly report, Herbalife advised investors that the Company had "reached an understanding in principle" to resolve bribery investigations by both the SEC and Department of Justice ("DOJ") in connection with Herbalife's China operations. Per the agreement, Herbalife stated that it "would enter into an administrative resolution with the SEC with respect to alleged violations of the books and records and internal controls provisions of the FCPA [Foreign Corrupt Practices Act]"; "would separately enter into a deferred prosecution agreement ("DPA") with DOJ, under which DOJ would defer criminal prosecution of the Company for a period of three years"; and "would agree to pay the SEC and DOJ aggregate penalties, disgorgement and prejudgment interest of approximately $123 million."

Shares of Herbalife Nutrition Ltd. (NYSE: HLF) declined from $48.47 per share in late 2019 to as low as $20.73 per share on March 17, 2020.

Those who purchased shares of Herbalife Nutrition Ltd. (NYSE: HLF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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