TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Hain Celestial Group Inc (NASDAQ: HAIN) Investor Securities Class Action Lawsuit 08/17/2016

  • If you purchased shares of Hain Celestial Group Inc (NASDAQ: HAIN), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
The Hain Celestial Group, Inc.
Security
NASDAQ: HAIN

Case Name
Hain Celestial Group Shareholder Class Action Lawsuit 08/17/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to The Hain Celestial Group, Inc..
Summary

April 6, 2020 - The court granted the defendants' motion to dismiss.

June 20, 2019 - A motion to dismiss the second amended consolidated complaint was filed.

May 6, 2019 - A second amended consolidated complaint was filed.

March 29, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

October 3, 2017 - A motion to dismiss the corrected amended consolidated complaint was filed.

September 7, 2017 - A corrected amended consolidated complaint was filed.

August 4, 2017 - An amended consolidated complaint was filed.

August 17, 2016 - An investor in shares of Hain Celestial Group Inc (NASDAQ: HAIN) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Hain Celestial Group Inc in connection with certain allegedly false and misleading statements made between November 5, 2015 and August 15, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Hain Celestial Group Inc (NASDAQ: HAIN) common shares between November 5, 2015 and August 15, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 5, 2015 and August 15, 2016 the defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Hain Celestial Group Inc lacked adequate controls over financial reporting, that consequently, Hain Celestial Group Inc failed to correctly account for revenue associated with concessions granted to certain distributors in the United States, and that as a result of the foregoing, Hain Celestial Group Inc’s public statements were materially false and misleading at all relevant times.

Hain Celestial Group Inc reported that its Total Revenue rose from over $2.15 billion for the 12 months period that ended on June 30, 2014 to over $2.658 billion for the 12 months period that ended on June 30, 2015.

Shares of Hain Celestial Group Inc (NASDAQ: HAIN) grew from $33.94 per share in February 2016 to as high as $56.99 per share on August 12, 2016.

On August 15, 2016, Hain Celestial Group Inc 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 Celestial Group Inc also stated that it was evaluating its internal control over financial reporting.

Shares of Hain Celestial Group Inc (NASDAQ: HAIN) declined to as low as $37.25 per share on August 16, 2016.

On August 17, 2016, NASDAQ: HAIN shares closed at $37.79 per share