SAN DIEGO, Jan. 25, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in California for certain purchasers of shares of Natural Health Trends Corp. (NASDAQ:NHTC) over alleged Securities Laws Violations by Natural Health Trends.
Investors who purchased a significant amount of shares of Natural Health Trends Corp. (NASDAQ:NHTC) between March 6, 2015 through January 12, 2016, and/or investors who purchased any (NASDAQ:NHTC) shares prior to March 2015 and continue to hold any of those shares have certain options and for certain investors are short and strict deadlines running. Deadline: March 14, 2016. (NASDAQ:NHTC) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims 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.
On January 7, 2016, an article was published indicating that an investigative report published in China revealed that Chinese authorities are investigating Natural Health Trends. On January 11, 2016, GeoInvesting LLC reported that according to a neighboring office employee, Natural Health Trends’ Beijing office was visited by uniformed authorities around Christmas, who seized property, that this visit by uniformed authorities corroborates the article from January 7, 2016 that Natural Health Trends is under investigation for allegedly running an illegal multi-level marketing business in China, that on December 28, 2015, Natural Health Trends posted a special notice on its official website warning its distributors to stop using its name, that on January 8, 2016, Natural Health Trends announced the temporary suspension of its distributor website for maintenance, and that snapshots of Natural Health Trends’ Hong Kong website appear to confirm that Natural Health Trends Corp is operating an illegal multi-level marketing scheme in China.
On January 12, 2016, GeoInvesting LLC issued another report about Natural Health Trends asserting that news broke on several Chinese media sites claiming Natural Health Trends had been raided and was under investigation.
Those who purchased Natural Health Trends (NASDAQ:NHTC) shares 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.