NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims against the Herbalife Nutrition Ltd. (NYSE: HLF). Such investors are encouraged to obtain additional information
and assist the investigation by visiting the firm’s site: www.bgandg.com/hlf.
The investigation concerns whether Herbalife and certain of its officers and/or directors have violated federal securities
laws.
On January 8, 2019, Herbalife announced the resignation, effective immediately, of Chief Executive Officer (“CEO”) Richard
Goudis. Herbalife merely stated that “Mr. Goudis’ departure . . . pertains to comments which recently came to light made by
Mr. Goudis prior to his role as CEO, that are contrary to the Company’s expense-related policies and business practices.”
Then, on February 7, 2019, The Wall Street Journalreported that Goudis’ resignation was prompted “after a
recording of comments he made years ago about bypassing internal accounting policies recently ended up in the hands of federal
investigators.” Citing “people familiar with the matter,” The Wall Street Journal reported that “[w]hen
Mr. Goudis was Herbalife’s chief financial officer about a decade ago, he told a colleague working in Hong Kong or mainland China
to ignore the company’s expense-account limit on entertainment spending” and that a recording of the conversation had “reached the
Justice Department, which has been investigating whether [Herbalife] violated foreign bribery laws in its business dealings in
China.” Following this news, Herbalife’s stock price fell sharply during intraday trading on February 7, 2019.
If you are aware of any facts relating to this investigation, or purchased Herbalife shares, you can assist this investigation
by visiting the firm’s site: www.bgandg.com/hlf. You can also contact Peretz Bronstein or his Investor Relations Analyst,
Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class
action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
