SAN DIEGO, Dec. 13, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending in California on behalf of certain purchasers of shares of Natural Health Trends Corp. (NASDAQ:NHTC) over alleged Securities Laws Violations by Natural Health Trends Corp.
Investors who purchased shares of Natural Health Trends Corp. (NASDAQ:NHTC) before March 2015 and continue to hold any NASDAQ:NHTC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On January 7, 2016, various media outlets in China reported that Natural Health Trends Corp is suspected of violating China’s multi level marketing law and is currently being investigated by Chinese authorities.
On January 12, 2016 a lawsuit was filed against Natural Health Trends Corp over alleged securities laws violations. The plaintiff claimed that the defendants issued certain false and misleading statements to investors and/or failed to disclose that the operations of Natural Health Trends’ Chinese entity is not in compliance with applicable Chinese laws, and that as a result, Defendants’ statements about Natural Health Trends’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. In April 2016 an amended consolidated complaint was filed and in June 2016 the defendants filed their motion to dismiss the lawsuit. In early December 2016 the court denied the motion to dismiss the case.
Those who purchased Natural Health Trends Corp. (NASDAQ:NHTC) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.