Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Natural Health Trends Corp.
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Natural Health Trends Corp.
PR Newswire
WAYNE, Pa., Jan. 26, 2016
WAYNE, Pa., Jan. 26, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP that a class action lawsuit has been filed in United States District Court for the Central District of California on behalf of all persons or entities that purchased Natural Health Trends Corp. ("Natural Health Trends" or the "Company") (NASDAQ: NHTC) between March 6, 2015 and January 12, 2016, inclusive (the "Class Period").
Natural Health Trends shareholders may, no later than March 14, 2016, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Natural Health Trends and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/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 are a member of the class, you may, no later than March 14, 2016, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information regarding this, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at [email protected] or visit: www.rmclasslaw.com/cases/nhtc. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/nhtc
[email protected]
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SOURCE Ryan & Maniskas, LLP
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