Glancy
Binkow & Goldberg LLP, representing investors of Herbalife
Ltd. (“Herbalife” or the “Company”) (NYSE:HLF), has filed a class
action lawsuit in the United States District Court for the Central
District of California on behalf of a class (the “Class”) comprising all
purchasers of Herbalife securities between May 4, 2010 and April 11,
2014, inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224
or at (212) 682-5340, or by email to shareholders@glancylaw.com
to discuss this matter.
Herbalife is a network marketing company that sells weight management,
nutritional supplement and personal care products through a global
network of independent-distributor “Members,” most of whom are discount
customers that purchase Herbalife products at wholesale prices and
resell the products to other consumers or distributors. The Complaint
alleges that throughout the Class Period (a) defendants issued false and
misleading statements or failed to disclose that the Company’s
operations were based on a pyramid scheme whereby its distributors
generate revenue by recruiting other distributors rather than selling
Herbalife’s diet and nutritional products to the general public, and (b)
the Company engaged in deceptive trade practices and unduly pressured
its Members to purchase more products to resell as one of its
distributors.
If you are a member of the Class described above, you may move the Court
no later than June 13, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2014