|By PR Newswire||
|January 24, 2014 08:33 AM EST||
NEW YORK, Jan. 24, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Herbalife Ltd ("Herbalife" or the "Company") (NYSE: HLF -News). Such investors are advised to contact Peretz Bronstein or his investor Relation's coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Herbalife and certain of its officers and/or directors have violated federal securities laws. On Wednesday, January 23, 2014, shares of Herbalife fell $7.61 or 10.35% to close at $65.92 after Massachusetts Senator Edward Markey said he had written to the U.S. Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC) and to Herbalife itself to try to obtain more information about the business practices of Herbalife Ltd. The senator said in press release, "There is nothing nutritional about possible pyramid schemes that promise financial benefit but result in economic ruin for vulnerable families." He said the call for a probe followed "serious complaints of improper pressure and financial hardship" from constituents.
If you are aware of any facts relating to this investigation, or purchased shares of Herbalife you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC