Court Grants Final Approval of $35 Million Hain Celestial Securities Settlement
Fri 30th Oct 2026 | Posted by Melissa Wright, on General, News,
The United States District Court for the Eastern District of New York has granted final approval to a $35,000,000 all-cash settlement resolving securities fraud claims brought on behalf of investors who purchased or otherwise acquired The Hain Celestial Group, Inc. (NASDAQ: HAIN) common stock and exchange-traded options on that stock. Glancy Prongay Wolke & Rotter LLP served as Co-Lead Counsel for the Settlement Class.
The Honorable Lee G. Dunst, United States Magistrate Judge, signed the Final Judgment approving the settlement on October 28, 2026, following a settlement hearing held that day. The action was prosecuted on behalf of Court-appointed Lead Plaintiffs Rosewood Funeral Home and Salamon Gimpel. The Court received no objections to the settlement and no requests for exclusion from the Settlement Class.
Case Snapshot
| Case | In re The Hain Celestial Group Inc. Securities Litigation |
|---|---|
| Court | U.S. District Court for the Eastern District of New York |
| Docket No. | 2:16-cv-04581-LGD |
| GPWR’s Role | Co-Lead Counsel |
| Amount Recovered | $35,000,000 (cash) |
| Practice Area | Securities Class Action |
| Summary | Glancy Prongay Wolke & Rotter LLP, as Co-Lead Counsel, recovered $35 million for investors in The Hain Celestial Group, Inc. who alleged that the company granted undisclosed concessions to distributors to pull sales forward and prematurely recognized the related revenue. The U.S. Court of Appeals for the Second Circuit twice revived the case on appeal before it settled. |
The Settlement Class
The Court certified, for settlement purposes, a Settlement Class consisting of all persons and entities who or which purchased or otherwise acquired the publicly traded common stock of Hain, and exchange-traded call and put options on that stock, between November 5, 2013 and February 10, 2017, both dates inclusive, and were allegedly damaged thereby. Certain persons and entities are excluded from the Settlement Class by definition, including the defendants, Hain’s officers and directors during the class period, and their immediate families. The full class definition and list of exclusions appear in the Court’s Final Judgment and the Court-approved Notice.
The Allegations
The litigation concerned allegedly false and misleading statements by Hain and four individual defendants: Irwin D. Simon, Pasquale Conte, John Carroll, and Stephen J. Smith. Plaintiffs alleged that Hain granted undisclosed concessions to its largest U.S. distributors to induce them to buy product ahead of their normal purchasing patterns, and that the company prematurely recognized revenue on those sales, inflating its reported results. Plaintiffs asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 15, 2016, Hain announced that it would delay the release of its fiscal 2016 financial results and the filing of its annual report. The company disclosed that it had identified concessions granted to certain U.S. distributors and that its Audit Committee was conducting an independent review of whether the related revenue had been recognized in the correct period.
The United States Court of Appeals for the Second Circuit twice vacated the district court’s dismissal of the action, in December 2021 and September 2025, before the parties reached the settlement.
The settlement resolves all claims asserted against Hain and the individual defendants. Defendants have denied and continue to deny the allegations. The settlement is not an admission of liability by any defendant, and the Court’s judgment makes no finding of wrongdoing.
Claims Deadline
The deadline for Settlement Class Members to submit a Claim Form was October 13, 2026. The Notice, the Court’s judgment, and other information about the settlement are available at www.HainCelestialSecuritiesSettlement.com. Questions about submitted claims should be directed to the Claims Administrator:
Hain Celestial Securities Settlement
c/o Verita Global, LLC
P.O. Box 301171
Los Angeles, CA 90030-1171
(888) 808-6316
info@HainCelestialSecuritiesSettlement.com
Frequently Asked Questions
Who is eligible to recover from the Hain Celestial settlement?
Investors who purchased or otherwise acquired The Hain Celestial Group, Inc. publicly traded common stock, or exchange-traded call and put options on that stock, between November 5, 2013 and February 10, 2017, inclusive, and who were allegedly damaged as a result, are Settlement Class Members, subject to the exclusions in the Court’s Final Judgment.
What was the deadline to file a claim?
Claim Forms had to be postmarked (if mailed) or submitted online no later than October 13, 2026.
How much was the Hain Celestial securities settlement?
The settlement is $35,000,000 in cash, obtained by Glancy Prongay Wolke & Rotter LLP and Labaton Keller Sucharow LLP as Co-Lead Counsel and approved by the U.S. District Court for the Eastern District of New York on October 28, 2026.
What if I did not submit a claim?
Settlement Class Members who did not submit a timely, valid Claim Form will not share in the distribution but remain bound by the Court’s judgment and the releases it provides. Questions may be directed to the Claims Administrator.
About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP is a national law firm representing investors and consumers in complex litigation, with a practice concentrated in securities class actions and shareholder litigation. The firm is headquartered in Los Angeles.
Contact
Leanne Heine Solish, Esq.
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150 | settlements@glancylaw.com
The case is In re The Hain Celestial Group Inc. Securities Litigation, No. 2:16-cv-04581-LGD (E.D.N.Y.).