The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against Nature's Sunshine Products, Inc.
April 04 2006 - 11:29AM
Business Wire
Goldman Scarlato & Karon, P.C., a law firm with offices in
Pennsylvania and Ohio, announces that a lawsuit has been filed in
the United States District Court for the District of Utah, on
behalf of persons who purchased or otherwise acquired publicly
traded securities of Nature's Sunshine Products, Inc. ("Nature's
Sunshine" or the "Company") (NASDAQ:NATRE) between October 19, 2004
and March 24, 2006, inclusive, (the "Class Period"). The lawsuit
was filed against Nature's Sunshine and certain officers and
directors ("Defendants"). If you are a member of this class and
wish to view a copy of a complaint and join this class action,
please e-mail us at info@gsk-law.com and request a copy of the
complaint and a plaintiff certification. If you are a member of the
Class, you may move the Court no later than June 2, 2006 to serve
as a lead plaintiff for the Class. Any member of the purported
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. The complaint alleges that Defendants violated
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and
Rule 10b-5 promulgated thereunder. Specifically, the complaint
alleges that Defendants issued materially false and misleading
statements regarding the Company's results. On February 17, 2006,
The Company issued a press release in which it had expanded its
previously announced review of selected financial information
concerning certain foreign operations and that it had received a
notice from NASDAQ indicating that it could be delisted. On March
20, 2006, the Company indicated in a SEC Form 8-K that its previous
financial statements should not be relied upon and that it had
expanded the scope of its investigation to include other matters
predating 2005. On March 24, 2006, the Company announced it
received a non-compliance notice from NASDAQ due to its failure to
file an SEC Form 10-K in a timely manner. In reaction to this news,
shares of Nature's Sunshine fell to $11.68 per share. If you bought
Nature's Sunshine securities between October 19, 2004 and March 24,
2006, inclusive, and would like to obtain information about the
lawsuit, then you are invited to call (888) 753-2796 to speak with
an advisor.
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