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NATRE Natures Sunshine Products (MM)

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Share Name Share Symbol Market Type
Natures Sunshine Products (MM) NASDAQ:NATRE NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

The Law Firm of Goldman Scarlato & Karon, P.C. Announces Class Action Lawsuit Against Nature's Sunshine Products, Inc.

04/04/2006 5:29pm

Business Wire


Natures Sunshine Products (NASDAQ:NATRE)
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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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