LOS ANGELES, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP and The Rosen Law Firm, P.A. announce that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of securities of Natural Health Trends Corp. (NASDAQ:NHTC):

SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT

To:      All persons who purchased Natural Health Trends Corp. (“NHTC”) securities between March 6, 2015, and March 15, 2016, inclusive, and were damaged thereby (the “Settlement Class”).

A hearing will be held at 10:00 a.m. on April 2, 2018, before the Honorable Terry J. Hatter, Jr. at the United States District Court for the Central District of California, Western Division, 350 W. 1st Street, Los Angeles, CA 90012, to determine whether (1) the proposed Settlement of the action titled Ford v. Natural Health Trends Corp. et al., Case No. 2:16-cv-00255-TJH-AFM (the “Action”), for the sum of $1,750,000 should be approved by the Court as fair, reasonable, and adequate; (2) the Court should approve the Plan of Allocation of Settlement proceeds as fair, reasonable, and adequate; (3) Co-Lead Counsel should be awarded $437,500 in attorneys’ fees (25% of the $1,750,000 settlement amount) and reimbursed for up to $35,000 of litigation expenses, and Plaintiffs should be awarded up to $3,000, each; and (4) the Court should enter the Judgment dismissing the Action with prejudice.  The Court may change the hearing date without further notice to the Class.

If you purchased NHTC securities between March 6, 2015, and March 15, 2016, inclusive, your rights may be affected by this Settlement.  If you have not received a detailed Notice of Proposed Class Action Settlement (the “Notice”) and a copy of the Proof of Claim and Release form, you may obtain them free of charge at the Claims Administrator’s website, www.strategicclaims.net, or by contacting the Claims Administrator by toll free phone at 866-274-4004 or by mail at In re Natural Health Trends Corp. Sec. Litig., c/o Strategic Claims Services, 600 North Jackson Street – Suite 3, Media, PA 19063.

If you are a Settlement Class Member and wish to share in the Settlement proceeds, you must complete and submit a Proof of Claim and Release form to the Claims Administrator, postmarked no later than May 12, 2018, establishing that you are entitled to recovery.  If you fail to submit a valid Proof of Claim and Release by this deadline in accordance with the instructions in the form, you will not recover from the Net Settlement Fund, but you will nevertheless be bound by the Settlement and releases provided for therein and by the Court’s Judgment dismissing the Action with prejudice.

If you are a Settlement Class Member and wish to object to any aspect of the Settlement, the Plan of Allocation, or Co-Lead Counsel’s Fee and Expense Application, you must submit your written objection in the manner set forth in the Notice no later than March 12, 2018.  Only Settlement Class Members who have submitted valid and timely written objections and provided notice of their intent to appear in accordance with the instructions in the Notice will be entitled to be heard at the hearing on April 2, 2018.

Notwithstanding any objection you may submit, you will be bound by the Settlement and releases provided for therein and by the Court’s Judgment dismissing the Action unless you request to be excluded from the Settlement Class. To request exclusion, you must submit a written request in the manner set forth in the Notice no later than March 12, 2018 to the Claims Administrator.  If you submit a timely and valid request to be excluded from the Settlement Class, you will not be required to waive or release any claims against Defendants, you will not receive any payment or other benefit in the Settlement, and you will not be bound by the Settlement or any other order or Judgment that may be entered by the Court.

Inquiries, other than requests for the Notice, may be made to Co-Lead Counsel for the Class at Nicholas I. Porritt, Esq., Levi & Korsinsky, LLP, 1101 30th Street NW, Suite 115, Washington, D.C. 20007.

PLEASE DO NOT CONTACT THE COURT, THE CLERK’S OFFICE, DEFENDANTS, OR THEIR COUNSEL REGARDING THIS NOTICE

DATED: JANUARY 4, 2018               BY ORDER OF THE COURT