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HAIN Hain Celestial Group Inc

6.78
0.20 (3.04%)
Last Updated: 15:17:42
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hain Celestial Group Inc NASDAQ:HAIN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 3.04% 6.78 6.77 6.78 6.78 6.62 6.66 134,141 15:17:42

HAIN SHAREHOLDER ALERT By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess o...

27/08/2016 3:07am

Business Wire


Hain Celestial (NASDAQ:HAIN)
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Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 17, 2016 to file lead plaintiff applications in a securities class action lawsuit against The Hain Celestial Group, Inc. (NasdaqGS: HAIN), if they purchased the Company’s securities between November 5, 2015 and August 16, 2016, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.

What You May Do

If you purchased shares of Hain and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 17, 2016.

About the Lawsuit

Hain and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 15, 2016, Hain announced that it was delaying the release of its fourth quarter and fiscal year 2016 financial results and does not expect to achieve its previously announced guidance for fiscal year 2016. Hain also disclosed that it “identified concessions that were granted to certain distributors” and was “evaluating whether the revenue associated with those concessions was accounted for in the correct period and is also currently evaluating its internal control over financial reporting.”

On this news, the price of Hain’s shares plummeted.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing Partnerlewis.kahn@ksfcounsel.com

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