The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Hain Celestial Group,
Inc. Investors and Encourages Investors to Contact the Firm
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors
who purchased The Hain Celestial Group, Inc. (“Hain” or the “Company”) (NASDAQ: HAIN) securities between November 9, 2015 and August 15, 2016, inclusive (the “Class Period”). Hain
investors have until October 17, 2016 to file a lead plaintiff motion.
Investors suffering losses on their Hain investments are encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to
disclose that (1) Hain lacked effective internal control over financial reporting; (2) Hain failed to properly account for revenue
associated with concessions that were granted to certain distributors in the United States; and (3) as a result, defendants’
statements about Hain’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the
true details entered the market, the lawsuit claims that investors suffered damages.
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. On this
news, the Company’s stock price fell approximately 25% during after-hours trading on August 15, 2016.
If you purchased shares of Hain during the Class Period you may move the Court no later than October 17,
2016 to ask the Court to appoint you 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 if you have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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