WILMINGTON, Del., Jan. 15, 2016 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Natural Health Trends Corp. (NASDAQ:NHTC)?
- Did you purchase your shares between March 6, 2015 and January 12, 2016, inclusive?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Natural Health Trends Corp. (“Natural Health Trends” or the “Company”) (NASDAQ:NHTC) between March 6, 2015 and January 12, 2016, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of Natural Health Trends during the Class Period, or purchased shares prior to the Class Period and still hold Natural Health Trends, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://rigrodskylong.com/investigations/natural-health-trends-corp-nhtc.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.
According to the Complaint, on January 12, 2016, analyst firm GeoInvesting, LLC issued a report asserting among other things, that news broke on several reputable Chinese media sites that morning, including SINA Finance, claiming the Company had been raided and is under investigation.
On this news, shares of Natural Health Trends dropped over 7%, closing at $19.18 per share on January 12, 2015, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later than March 14, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
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