Hain Celestial Securities Class Action Settlement — $35M
Hain Celestial (Nasdaq: HAIN) securities class action
What happened
The organic-products company Hain Celestial agreed to a $35 million settlement covering investors from its 2013–2017 accounting-and-disclosure era.
The allegations
Plaintiffs alleged Hain misrepresented internal-controls and accounting practices around concessions and incentives before a 2016 restatement and CEO departure.
Who qualifies
You bought Hain Celestial (Nasdaq: HAIN) stock or traded its options between November 5, 2013 and February 10, 2017. Shares sold before January 22, 2016 recover $0. Brokerage records required.
Class period: November 5, 2013 – February 10, 2017
Defendants
The Hain Celestial Group, Inc.
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