June 15, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Herbalife Ltd. (NYSE:HLF) shares over potential securities laws violations by Herbalife Ltd. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Herbalife Ltd. (NYSE:HLF) concerning whether a series of statements by Herbalife Ltd. (NYSE:HLF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Herbalife Ltd. reported that its annual Total Revenue rose from over $4.46 billion in 2015 to over $4.48 billion in 2016 and that its Net Income declined from $339.10 million in 2015 to $260.00 million in 2016.

Shares of Herbalife Ltd. (NYSE:HLF) grew from $47.99 per share in December 2016 to as high as $74.32 per share on June 1, 2017.

On June 5, 2017, Herbalife Ltd announced that it was lowering its sales guidance, advising investors that new Federal Trade Commission regulations will have a great impact than expected on the Company's sales.

In addition, news outlets reported that Mark Friedman, the Herbalife executive involved in a 2016 settlement with U.S. regulators pursuant to which Herbalife agreed to pay $200 million to settle charges of deceiving customers, has stepped down from his position as general counsel.