LOS ANGELES, CA / ACCESSWIRE / September 6, 2016 / Lundin Law PC (the "Firm") announces a class action lawsuit has been filed against The Hain Celestial Group, Inc. ("Hain" or the "Company") (HAIN) concerning possible violations of federal securities laws between November 9, 2015 and August 15, 2016 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 17, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, during the Class Period, the Company made false and misleading statements and/or failed to disclose: that Hain lacked effective internal control over financial reporting; that the Company failed to properly account for revenue associated with concessions that were granted to certain distributors in the United States; and a result of the above, Hain's statements about its business, operations and prospects, were false and misleading and/or lacked a reasonable basis. When this information was disclosed to the public, shares of Hain decreased in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC