NEW YORK, April 23, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Herbalife Ltd. ("Herbalife" or the "Company") (NYSE:HLF) common stock between May 4, 2010 and April 11, 2014.
For more information, click here: http://zlk.9nl.com/herbalife-hlf.
The complaint alleges that Herbalife made materially false and misleading statements and/or failed to disclose material facts including: (a) that Herbalife's operations were based on a pyramid scheme whereby its distributors generated revenue by recruiting other distributors, rather than by sale of Herbalife's diet and nutritional products to the general public; (b) that the Company engaged in deceptive trade practices wherein it pressured members to purchase more products to resell as one of its "distributors;" and that (c) as a result of the aforementioned, the Company's financial statements were materially false and misleading at all relevant times.
If you suffered a loss in Herbalife you have until June 13, 2014 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 email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/herbalife-hlf.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP