Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of The Hain Celestial Group, Inc. (Nasdaq: HAIN) concerning possible breaches of fiduciary duty. The Company identified concessions that were granted to certain distributors and commenced an internal accounting review in order to determine whether the revenue associated with those concessions was accounted for in the correct period and to evaluate its internal control over financial reporting. The Securities and Exchange Commission has now issued a formal order of investigation and, pursuant to such order, issued a subpoena to the Company seeking relevant documents.
Shareholders interested in seeking to recover damages on behalf of HAIN and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold HAIN shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to mhynes@hkh-lawfirm.com.