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HLF.US

Herbalife shareholders dilution Case

On December 6, 2022, Herbalife (HLF) shares dropped more than 25% after the Company announced about a new $ 250 MM convertible debt offering, threatening to dilute shareholders by 20%.

Herbalife lost over $400 million of its capitalization, seriously damaging investors.

Earlier the Company reported a 9.5% decline in revenue and pulled its guidance. Herbalife's credit rating was also recently downgraded and announced the surprise departure of its CEO.

All the recent corporate developments rise concerns among investors about whether Herbalife, its Leaders and its Advisers act in the best interests of its shareholders.


Alleged Offence
Mismanagement
Financial Misrepresentation
Failure to Disclose
Malpractice
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
06 December 2022
Collecting participants…
Created by Stan Vick, Scout

Herbalife Nutrition Ltd

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the are...

    Ticker
    HLF.US
    ISIN
    USG4412G1016
    CIK
    1180262
    Sector
    Consumer Defensive
    Industry
    Packaged Foods
    Country
    USA
    Address
    PO Box 80210, Los Angeles, CA, United States, 90080-0210