NEW YORK--(BUSINESS WIRE)--
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of New York on behalf of investors who purchased The Hain Celestial Group, Inc. (NASDAQ: HAIN) securities between November 5, 2015 and August 15, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/the-hain-celestial-group-inc. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose material adverse facts, including that: (1) Hain did not have sufficient controls over financial reporting; and (2) Hain failed to properly account for its revenue in connection with certain US distributors.
On August 15, 2016, Hain announced that it would delay the release of its fourth quarter and fiscal year 2016 financial results because the Company was evaluating whether the revenue associated with concessions granted to certain distributors in the U.S. was accounted for in the correct period. Hain also stated that it was evaluating its internal control over financial reporting.
If you suffered a loss in Hain you have until October 17, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/the-hain-celestial-group-inc.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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