LOS ANGELES, CA / ACCESSWIRE / September 29, 2016 / Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Twitter, Inc. (“Twitter” or the “Company”) (NYSE: TWTR) concerning possible violations of federal securities laws between February 6, 2015 and July 28, 2015 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm before the November 15, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that during the Class Period, Twitter made materially false and/or misleading statements and/or failed to disclose: that by early 2015 daily active users had replaced the timeline views metric as the primary user engagement metric tracked internally by Twitter management; that the trend in user engagement growth was flat or declining; that new product initiatives were not having a significant impact on monthly active users or user engagement; that the Company’s stated “acceleration” was the result of low-quality monthly active user growth; and that Twitter lacked a basis for its previously issued projections of approximately 20% monthly active user growth and 550 million monthly active users in the immediate term. When this news was announced to the public, Twitter shares fell in value, causing investors harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 446237

LOS ANGELES, CA / ACCESSWIRE / September 29, 2016 / Lundin Law PC (the “Firm”) announces the filing of a class action lawsuit against Polaris Industries Inc. (“Polaris” or the “Company”) (NYSE: PII) concerning possible violations of federal securities laws between January 26, 2016 and September 11, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the November 15, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that during the Class Period, Polaris made false and/or misleading statements and/or failed to disclose that: Polaris was unable to sufficiently validate the initially identified repair for certain of its recalled RZR vehicles; that the Company would ultimately need to implement a more complex and expensive repair solution; that the financial impact of RZR vehicle recalls was greater than the Company had disclosed to investors; that Polaris overstated its full-year 2016 guidance; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times.

On September 12, 2016, Polaris lowered its earnings guidance range for the full year 2016. The lower guidance is related to the impact of the Company’s stop-ride/stop-sale advisory on July 25, 2016 pending a formal recall for the MY2016 RZR Turbo off-road vehicles due to potential fire hazard. When this information emerged to the public, the stock price of Polaris fell, causing investors harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 446236

IRVINE, CA / ACCESSWIRE / September 29, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against LifeVantage Corporation (“LifeVantage” or the “Company”) (Nasdaq: LFVN). Investors who purchased or otherwise acquired shares between November 4, 2015 and September 13, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the November 14, 2016 lead plaintiff motion deadline.

If you purchased shares of LifeVantage during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The complaint alleges that during the Class Period, LifeVantage made false and/or misleading statements and/or failed to disclose: that the Company lacked effective internal financial controls; that the Company improperly accounted for sales in certain international markets, along with associated revenue and income tax accruals; and that as a result of the above, LifeVantage’s public statements were materially false and misleading at all relevant times. On September 13, 2016, LifeVantage announced that it would delay the release of its fourth quarter and fiscal year 2016 financial results. The reason for the delay was LifeVantage to carry out an internal review of sales into certain international markets and the revenue and income tax associated with those sales. The Company stated that it is unable to estimate the impact of the review to net revenue, tax expense, net income or other aspects of its financial statements for the fiscal year ended June 30, 2016 or any potential prior periods. When this information emerged to the public, the Company’s stock price fell, causing investors harm.

If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contacts

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 446235

LOS ANGELES, CA / ACCESSWIRE / September 29, 2016 / Lundin Law PC (the “Firm”) announces a class action has been filed against MGT Capital Investments, Inc. (“MGT” or the “Company”) (NYSE MKT: MGT) concerning possible violations of federal securities laws between May 9, 2016 and September 20, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the November 21, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that MGT made false and/or misleading statements and/or failed to disclose the risk that its stock to be issued in connection with the acquisitions of D-Vasive and Demonsaw may not be listed by the New York Stock Exchange (“NYSE”); and that MGT was under inquiry by the U.S. Securities and Exchange Commission (“SEC”) prior to September 19, 2016. On September 19, 2016, MGT announced that it received a subpoena from the SEC requesting information, and that it received a notification from the NYSE that the exchange would not approve the listing of the 43.8 million shares MGT is required to issue in order to complete the D-Vasive merger. When this news was announced to the public, shares of MGT declined in value, causing investors harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 446234

SEOUL, SOUTH KOREA / ACCESSWIRE / September 29, 2016 / LGM, Co. Ltd., a subsidiary of Leo Motors Inc. (OTCQB: LEOM) unveiled two electric power trains for sailing yachts at the “Grand Pavois 2016” international boat show in La Rochelle, France. The power trains include both inboard and outboard 90 horse power (67 kW) electric propulsion systems.

The newly developed electric power trains have undergone two years of field tests. Using two 24 kW battery power packs, the power train provides three hours of sailing, and because sail equipped yachts only use power propulsion for departing or returning to the harbor, the energy storage is more than enough.

While LGM’s electric power system does not leave any pollution behind of it, it have many environment friendly advantages. Electric boats operate with substantially less noise than Internal Combustion Engines (ICE), and without the polluting stench of oil, diesel, or gasoline. These advantages enhance the pleasure of sailing yachts. Despite these advantages, few electric boats have been developed throughout the world due to perceptions of high technology barriers.

LGM’s newly patented electric shock prevention circuits eliminate the traditional and potentially fatal shock hazard risk of electric boat power systems because of the proximity of water.

Dr. Kang, chairman of Leo motors, said, “Globally many companies make electric cars but few companies make electric boats. A significant reason is the liability arising from their lack of safety technology. The most important safety technology for e-boat is LGM’s exclusive and proprietary electric shock prevention technology. LGM is the only company in the world that produces a “safe” e-boat.”

Another important technology in Leo’s e-boat is the proprietary Cartridge Battery (CB) System. E-boats batteries must have daily recharges, which is impractical and almost impossible to facilitate a battery charging station in many harbors. LGM invented the patented battery replacement system which relieves toxic charging environments. Swapping typical 1,400 lb. marine battery power packs is not an easy task and requires a extravagant facility. To overcome this dilemma, LGM developed the CB (Cartridge Battery) technology. CB which splits the battery into smaller, lightweight cartridges optimized for easier handling. When CB works in harmony with Leo’s newly innovated Battery Swapping Machines, it reduces the time required to the same as fueling equivalent size vehicles with gas.

Connected boat technology is another technical breakthrough. LGM developed the Internet of Things platform for e-boats which is networked and connected with an Android Operating System. They are ready to function under the command of Artificial Intelligence (AI). Auto Pilot Applications make autonomous sailing possible. Leo’s AI-connected positioning application is based from digital GPS which uses both Satellite and Mobile Network. LGM’s power train is CAN (Controller Area Network) based, which enables Mobile Diagnosing between mobile devices and Leo’s boats.

Dr. Kang, further said, “In the show, LGM received many offers from yacht manufacturers and suppliers to be a distributing partner in France. Leo and LGM are expanding its e-boat businesses into both China and the USA. After this show, we will have a solid foundation for launch in Europe. Europe has few electric propulsion manufacturers, providing only low power and low tech products. LEO’s innovations now will facilitate electric power system replacing ICE’s for sailing yachts.”

LGM’s participation of this show was fully subsidized by the Korean government because LGM is designated as an advanced ocean technology leader in Korea.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

For More Information Please Call:

Princeton Research, Inc
Mike King 702.650.3000

SOURCE: Leo Motors Inc.

ReleaseID: 446233

Establish Partnership To Develop Additional Sustainable Investment Strategies

NEW YORK, NY / ACCESSWIRE / September 29, 2016 / Etho Capital, the investment company committed to creating world-class, data-driven investment solutions that advance sustainable priorities and provide superior risk-adjusted returns, and Future Super, Australia’s first fossil fuel-free superannuation fund, today announced an agreement to launch a global sustainability index. Etho Capital will create the Global Sustainability Leadership Index composed of 100 of the world’s most sustainable and efficient companies that are leaders in their sectors. The Global Sustainability Leadership Index will exclude companies closely linked to the extraction, processing and distribution of fossil fuels.

Since its launch in September 2014, Future Super has helped shift over AU $185 millions away from fossil fuel exposed super funds. Future Super investors will initially commit AU $35 million to the Global Sustainability Leadership Index, which is expected to begin trading at the end of October 2016.

The announcement coincides with an increased demand among institutional investors in Australia and around the world for investment products that have the potential to produce higher returns by investing in companies with the most efficient supply chains and reducing exposure to companies with poor sustainability track records. The Global Sustainability Leadership Index is designed to achieve superior risk-adjusted returns while meeting the sustainability needs of the Australian marketplace. The Index will utilize Etho Capital’s proprietary Smart Sustainability Process™ analytics, which applies the most rigorous sustainability screening standards focusing on supply chain efficiency, governance and business practices of a broadly diversified universe of nearly 6000 companies.

“We are proud to partner with Future Super and form what we believe is a groundbreaking relationship to create a suite of actively and passively managed investment products, starting with the Global Sustainability Leadership Index,” said Conor Platt, Co-Founder, Chief Executive Officer and Chief Investment Officer of Etho Capital. “Future Super and Etho Capital are acting on what many investors are beginning to realize: sustainability can substantially impact investment performance, and is therefore a core component of fiduciary duty. There’s a price on climate pollution, poor governance and poor business practices, generally, and the more a business is connected to this supply chain, the more it is going to hurt their performance.”

Etho Capital’s research shows that companies with a more efficient supply chain and better governance drive alpha, and are a proxy for better performance in the markets over time.

“Our objective is to provide our investors with Australia’s first highly customized fossil fuel free index composed of some of the world’s top performing and sustainable global companies to meet the performance and sustainability criteria of the Australian marketplace,” said Simon Sheikh, Managing Director, Future Super. “Etho Capital is really the only investment company today that brings the proven track record and the depth of analysis we need. We are excited to partner with Etho Capital on this Global Sustainability Leadership Index and look forward to working together to create other sustainable investment solutions for our fund.”

Last November, Etho Capital launched the ETHO ETF (NYSEArca: ETHO), the first index ETF to exclude all fossil fuel companies and the first public investment product to select equities based on climate efficiency while rigorously screening for overall sustainability and social responsibility. This marked the first U.S. equity product to employ Etho Capital’s Smart Sustainability Process™, and the new collaboration with Future Super is an important step in the company’s plans to bring sustainable investing to global scale.

“Global investors are realizing that sustainability and supply chain efficiency metrics can be very material for financial risks and returns, particularly when connected to economy-wide shifts towards climate pollution regulations and disruptive technology trends, like the potentially rapid transition from oil to electrified transportation,” said Ian Monroe, Co-Founder, President and Chief Sustainability Officer of Etho Capital, who also teaches at Stanford University. “Our approach has shown that investors of all sizes can align their portfolios with their values without sacrificing returns. Our Global Sustainability Leadership Index relies on our proven Smart Sustainability Process and it’s designed to provide Australian investors with an innovative solution that achieves top-tier returns while meeting all common sustainability requirements.”

Longer-term partnership

The parties also agreed to develop additional actively managed products that demand high performing sustainability investment products. Etho Capital intends to expand its suite of actively and passively managed investment products with additional strategic partners as it expands its offering in global markets. Etho Capital expects to launch its first actively managed long/short hedge fund this fall.

Future Super

Future Super is Australia’s first fossil fuel free superannuation fund. Future Super’s investment strategy is to select companies that provide competitive financial returns and have a positive impact on the environment and society. This includes avoiding all companies directly involved in coal, oil and gas, as well as companies that provide support to the fossil fuel industry. Future Super believes that we can’t prevent climate change if we continue to invest in it. Since its launch in September 2014, Future Super has helped shift over $185 million away from fossil fuel exposed super funds. To find out more visit www.myfuturesuper.com.au.

Etho Capital

Etho Capital is a mission-driven investment company committed to creating world-class, data-driven investment solutions that advance sustainable priorities while providing superior risk-adjusted returns. Etho Capital’s proven Smart Sustainability Process™ utilizes both quantitative pollution and efficiency data and qualitative expertise methods to generate broadly diversified portfolios of only the most carbon-efficient and sustainable companies. Etho Capital launched its first index ETF in November 2015 (NYSEArca: ETHO), which is also the first index ETF to exclude all fossil fuel companies, and the first public investment product to select equities based on climate efficiency while rigorously screening for overall sustainability and social responsibility.

Media Contact:

Cindy Stoller
Confluence Partners
cstoller@confluencepartners.com
917-331-0418

SOURCE: Etho Capital

ReleaseID: 446230

WEST PALM BEACH, FL / ACCESSWIRE / September 29, 2016 / Medically Minded, Inc. (OTC PINK: MMHC), provides current information to its shareholders regarding its plans for future activities.

Mobile Broadcasting Network has advised the Company that it has made significant enhancements to the viability, functionality and features of the communications platform and the WHiRLD Beyond LiveTMApp. Mobile Broadcasting Network believes that certain features and functionality of its live video streaming technology are not available on or being offered by other live video streaming services, such as Facebook Live, Periscope and Meerkat.

Kenneth Bland, Mobile Broadcasting Networks chief executive officer stated: “Getting a clean start in a new corporate vehicle has enabled us to obtain a certain level of funding that has in turn enabled us to achieve significant advances in the features and functionality of our communications platform and WHiRLD Beyond LiveTMApp. The WHiRLD Beyond LiveTMApp is once again available at the Apple Store and Google Play. We are currently in active discussions that we believe will result in offering regular live video streams of programming to users of the WHiRLD Beyond LiveTMApp and begin generating revenues for our company.”

The Company is prepared to publish our Current Information Statement for the six months ended June 30, 2016 at OTCMarkets.com and returning to Current Information Status Tier. The Company’s information statement for the six months ended June 30th, 2016 is also available now at www.mmusvi.com. The Company has 320,949,541 shares of common stock issued and outstanding as of the date of this press release.

The Company does not intend to increase its Authorized Shares of common stock, seek any additional debt or equity funding or do a reverse split on its common stock. The Company is also currently completing the process of eliminating all outstanding notes.

MMHC CEO, Jackson Morris summarizes as follows, “We believe with proper execution of our strategic marketing initiative, our unique patented technology, exciting partnerships, along with prudently planned budgets we are all in a position to prosper greatly.”

We are in the process of making a major announcement for MMHC shareholders, please watch for more news, updates and filings very soon.

This press release may contain forward-looking information, including all statements that are not statements of existing fact. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contact:

James Grady, CEO
(954) 210-8063
Info@medmindedlabs.com

Twitter: https://twitter.com/medmindedlabs
Pinterest: https://www.pinterest.com/medicallymi0603/
https://www.facebook.com/MedicallyMinded/

SOURCE: Medically Minded, Inc.

ReleaseID: 446232

NEW YORK, NY / ACCESSWIRE / September 29, 2016 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Misonix, Inc. (“Misonix” or the “Company”) (NASDAQ: MSON) and certain of its officers. The class action is on behalf of a class consisting of all persons or entities who purchased Misonix securities between November 5, 2015 through September 14, 2016, both dates inclusive (the “Class Period”).

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

On September 14, 2016, Misonix revealed that it will delay its Annual Report filing on Form 10-K for the fiscal year ended June 30, 2016 due to the pending investigation by Misonix’s Audit Committee in connection to its defects in internal control over financial reporting at June 30, 2016. Following this news, Misonix stock dropped during intraday trading on September 15, 2016.

According to the Complaint, Defendants made false and/or misleading statements and/or failed to disclose that: (1) insufficiencies existed in Misonix’s internal controls over financial reporting; and (2) consequently, Defendants’ statements about Misonix’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/mson or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Misonix you have until November 18, 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.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 445672

NEW YORK, NY / ACCESSWIRE / September 29, 2016 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court, District of Minnesota on behalf of those who purchased shares of Polaris Industries Inc. (“Polaris” or the “Company”) (NYSE: PII) between January 26, 2016 and September 11, 2016 both dates inclusive (the “Class Period”).

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

On July 23, 2015, Polaris recalled its model-year 2016 Youth RZR off-highway vehicle, quoting fire hazards. Then there were three other recalls of Polaris’ RZR vehicles – in October 2015, December 2015, and April 2016 – affecting more than 160,000 RZR vehicles of various model years.

Despite the recalls, Polaris consistently guided investors that it expected full year 2016 net income to be at least $6.00 per diluted share. On January 26, 2016, Polaris announced its full-year guidance in the range of $6.20 to $6.80 per diluted share. On April 21, 2016, Polaris announced that it was maintaining its same guidance estimate. Later on July 20, 2016, Polaris stated its earnings guidance for the full year 2016 of $6.00 to $6.30 per diluted share. On July 25, 2016, Polaris issued a stop-ride/stop-sale advisory, awaiting a formal recall for MY2016 RZR Turbo off-road vehicles for potential fire hazard.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Polaris was unable to sufficiently validate the initially identified repair for certain of its recalled RZR vehicles; (2) as a result, Polaris would ultimately need to implement a more complex and expensive repair solution; (3) the financial impact of RZR vehicle recalls was therefore greater than Polaris had disclosed to investors; (4) consequently, Polaris had overstated its full-year 2016 guidance; and (5) as a result of the foregoing, Polaris’s public statements were materially false and misleading at all relevant times.

On September 12, 2016, Polaris restated and lessened its earnings guidance for the full year 2016 from $3.30 to $3.80 per diluted share. The reduced guidance is attributed to other RZR thermal-related problems and the effect of the stop ride/stop sale notification. Following this news, Polaris stock dropped $4.05 per share or over 5% to close at $76.79 per share on September 12, 2016.

No Class has yet been certified in the above action. To discuss this action, or for any questions, please visit the firm’s site:
http://www.bgandg.com/pii or contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Polaris, you have until November 15, 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.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 445515

NEW YORK, NY / ACCESSWIRE / September 29, 2016 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against LifeVantage Corporation (“LifeVantage” or the “Company”) (NASDAQ: LFVN) and certain of its officers, and is on behalf of shareholders who purchased or otherwise acquired LifeVantage securities between November 4, 2015 and September 13, 2016 both dates inclusive (the “Class Period”).

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

LifeVantage identifies, researches, develops, and sells nutraceutical dietary supplements and skin care products.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) LifeVantage lacked effective internal financial controls; (2) therefore, the Company had improperly accounted for sales in certain international markets, along with associated revenue and income tax accruals; and (3) consequently, LifeVantage’s public statements were materially false and misleading at all relevant times.

On September 13, 2016, LifeVantage revealed that it was delaying the release of its fourth quarter and fiscal year 2016 financial results due to its review of its sales into certain international markets and the revenue and income tax and the associated accruals. The Company said that it is unable to estimate the impact of the review to net revenue, tax expense, net income or other aspects of its financial statements for the fiscal year ended June 30, 2016 or any potential prior periods. Following this news, LifeVantage stock dropped on September 14, 2016 during intraday trading.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/lfvn. or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in LifeVantage you have until November 14, 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.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 445509