FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
 Securities Case, Encourages Investors to Contact Firm - EconoTimes)
NEW YORK, Sept. 12, 2016 -- Scott + Scott, Attorneys at Law, LLP, a global investor rights law firm, reminds investors that October 17, 2016 is the last day to file lead plaintiff papers in the securities lawsuit against The Hain Celestial Group, Inc. (“Hain” or the “Company”) (NASDAQ:HAIN). Hain investors are encouraged to contact Scott + Scott at (619) 517-1129 or email [email protected] to discuss their legal rights.
Hain is a leading organic and natural products company with operations in North America, Europe and India. Hain’s ordinary shares trade on NASDAQ under the ticker symbol “HAIN.”
About the Lawsuit
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (1) Hain lacked effective internal control over financial reporting; (2) Hain failed to properly account for revenue associated with concessions that were granted to certain distributors in the United States; and (3) as a result, defendants’ statements about Hain’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
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.
On this news, shares of Hain fell $14.05 per share or over 26% from its previous closing price to close at $39.35 per share on August 16, 2016.
What You Can Do
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. If you want to discuss filing lead plaintiff papers, or have questions about your legal rights, please contact Joseph Pettigrew, Esq. by telephone at (619) 517-1129 or by email at [email protected].
About Scott + Scott, Attorneys at Law, LLP
Scott + Scott has significant experience prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm has offices in New York, London, Connecticut, California and Ohio. Please visit www.scott-scott.com for more information about the firm.
CONTACT: Scott + Scott, Attorneys at Law, LLP Joseph Pettigrew, Esq. (619) 517-1129 [email protected]
