NEW YORK, Sept. 14, 2016 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of LifeVantage Corporation (“LifeVantage” or the “Company”) (NASDAQ: LFVN) (CUSIP: 53222K106). Investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether LifeVantage and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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On September 13, 2016, post-market, LifeVantage disclosed that it was delaying the release of its fourth quarter and fiscal year 2016 financial results, citing the Company’s review of its sales into certain international markets and the revenue and income tax and the associated accruals.
On this news, LifeVantage stock fell $1.32, or 12.69%, to close at $9.09 on September 14, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP