NATURAL HEALTH TRENDS CORP. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California
Jan 18, 2019
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NEW YORK, -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed against Natural Health Trends Corp. (“Natural Health Trends” or the “Company”) (Nasdaq: NHTC) in the United States District Court for the Central District of California, on behalf of a class consisting of investors who purchased or otherwise acquired securities of Natural Health Trends between April 27, 2016 and January 5, 2019 (the “Class Period”), inclusive.
Investors who have incurred losses in the shares of Natural Health Trends Corp. are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares of you may Natural Health Trends Corp., no later than March 11, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Natural Health Trends Corp.
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The filed Complaint alleges that during the class period, Defendants made false and/or misleading statements and/or failed to disclose that:
- Natural Health Trends was operating as a pyramid scheme in China, which is contrary to Chinese law;
- consequently, Natural Health Trends was not in compliance with applicable Chinese law; and
- 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, 2019, GeoInvesting reported that China Central Television, a prominent state television broadcaster in China, aired an exposé asserting that Natural Health Trends was operating as a pyramid scheme in China, contrary to Chinese law.
Following this news, shares of the Company's stock fell $4.89 per share, or nearly 25% in value, to close on January 7, 2019 at $14.88 per share, on heavy trading volume.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.
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