GPM Reminds Investors of the October 17th Deadline in the Class Action Lawsuit Against The Hain Celestial Group, Inc. and
Encourages Investors to Contact the Firm
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the October 17, 2016 deadline to file a lead
plaintiff motion in the class action lawsuit filed on behalf of investors who purchased or otherwise acquired The Hain Celestial
Group, Inc. (“Hain” or the “Company”) (NASDAQ: HAIN) securities between November 5, 2015 and August 15, 2016, inclusive (the “Class Period”). Hain
investors have until October 17, 2016 to file a lead plaintiff motion.
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 over 26%, or $14.05 per share, to close on August 16, 2016 at $39.35 per share.
Note: On August 30, 2016, Hain reported to the SEC that the Company cannot file its annual report for the fiscal year ended June
30, 2016 by the August 29, 2016 deadline, as Hain and its audit committee continue their investigation into concessions granted to
certain distributors. On this news the Company’s shares fell further, thereby injuring investors.
If you purchased or otherwise acquired Hain shares during the Class Period, you may move the Court no later than October
17, 2016 to request appointment as lead plaintiff. 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email 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.
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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