Hain Celestial Shares Drop After Disclosing SEC Investigation in Friday News Dump

In a regulatory filing late Friday, Hain Celestial Group disclosed that it’s being investigated by the Securities and Exchange Commission for its accounting practices, sending shares down 3.5%, to $38.53, in after-hours trading. The filing stated that the SEC has “issued a formal order of investigation” and subpoenaed Hain for “relevant documents” after being informed in August of the delay of its fourth quarter earnings release.