LOS ANGELES–(BUSINESS WIRE)–$HLF #classaction—The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Herbalife Nutrition Ltd. (“Herbalife” or the “Company”) (NYSE: HLF) concerning whether the board breached its fiduciary duties to shareholders.
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On May 7, 2020, Herbalife disclosed that it would pay $123 million in aggregate penalties, disgorgement, and prejudgment interest to resolve bribery investigations by the U.S. Securities and Exchange Commission and U.S. Department of Justice in connection with the Company’s China operations.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you purchased Herbalife shares before January 1, 2017 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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