LOS ANGELES – (Business Wire) – Frank R. Cruz's law firm is investigating possible claims against the board of directors of Herbalife Nutrition Ltd. ("Herbalife" or the "Company") (NYSE: HLF) in relation to whether the Board of Directors has violated its duty of loyalty to shareholders.
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On May 7, 2020, Herbalife announced that it would pay a total of $ 123 million in fines, disgorgation, and bias interest to resolve bribery investigations by the United States Securities and Exchange Commission and Justice Department related to the company's China operations .
Our investigation addresses the question of whether the company's board of directors violated its fiduciary duties to shareholders and / or grossly abused the company in connection with the alleged misconduct above.
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If you purchased Herbalife stock prior to January 1, 2017 and would like to discuss this matter with us or have questions about your rights and interests regarding this matter, please contact Frank R. Cruz of the Frank R. Cruz Law Firms, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, email firstname.lastname@example.org or visit our website at www.frankcruzlaw.com. When inquiring by email, please provide your mailing address, phone number and number of shares purchased.
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