GNC INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action Against GNC Holdings, Inc.

SAN FRANCISCO--(BUSINESS WIRE)--

The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of investors who purchased or otherwise acquired the securities of GNC Holdings, Inc. ("GNC" or the "Company") GNC between May 2, 2013 and October 22, 2015, inclusive (the "Class Period").

If you purchased or otherwise acquired the securities of GNC during the Class Period, you may move the Court for appointment as lead plaintiff by no later than December 28, 2015. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

GNC investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the GNC Securities Class Litigation

The action charges GNC and certain of its senior executives with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. GNC operates as a specialty retailer of health and wellness products.

The action alleges that, throughout the Class Period, defendants issued materially false and misleading statements and/or failed to disclose that: (1) GNC unlawfully sold thousands of units of products in Oregon containing picamilon and BMPEA; (2) GNC unlawfully sold thousands of units of products in Oregon that contained BMPEA; and (3) as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.

On October 22, 2015, the Oregon Attorney General announced a lawsuit against GNC arising from the Company's sale of nutritional and dietary supplements containing the illegal ingredients picamilon and BMPEA. On this news, the price of GNC shares fell $5.73 per share, or 14.24%, from a previous closing price of $40.23 on October 21, 2015, to close at $34.50 per share on October 22, 2015, on extremely heavy trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for twelve years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Best Lawyers and U.S. News have named Lieff Cabraser as a "Law Firm of the Year" for each year the publications have given this award to law firms, including in 2015.

For more information about Lieff Cabraser and the firm's representation of investors, please visit http://www.lieffcabraser.com.

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

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