HARTFORD, Conn., Jan. 28, 2014 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (http://www.sfmslaw.com, e-mail: ktang@sfmslaw.com), a law firm with offices in California, Connecticut, Florida, New York, New Jersey, Pennsylvania and Wisconsin, as well as affiliate/international network offices throughout the world, announces that it is investigating possible securities law violations committed by Herbalife Ltd. ("Herbalife" or the "Company") and its officers and/or directors.
On Thursday, January 23, 2014, United States Senator Edward Markey of Massachusetts announced that he had written to the U.S. Securities and Exchange Commission and the Federal Trade Commission to request that the two agencies investigate Herbalife's business practices, and that he had also written directly to Herbalife to request more information about the Company. In his remarks, he noted, "There is nothing nutritional about possible pyramid schemes that promise financial benefit but result in economic ruin for vulnerable families," and that he had "serious questions about the business practices of Herbalife." Following the announcement, the share price of Herbalife fell $7.61, a 10.35% drop, and then to $5.86 on Friday, January 24, 2014, an additional 8.89% drop.
If you are a current or former shareholder of Herbalife and would like more information about your rights or have information pertaining to this investigation, please contact Kolin C. Tang (ktang@sfmslaw.com) or Laurie Rubinow (lrubinow@sfmslaw.com) or by telephone (toll-free at 1-866-540-5505). There is no cost or obligation to you related to this consultation.
Shepherd, Finkelman, Miller & Shah, LLP is a law firm that represents investors, including institutions and individuals, in class action and corporate governance matters throughout the country. SFMS has been appointed lead counsel in a number of class action proceedings and has recovered hundreds of millions of dollars for our clients in such matters.
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