Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Natural Health Trends Corp. To Contact The Firm Before Lead Plaintiff Deadline
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Natural Health Trends Corp. (“Natural Health Trends Corp.” or the “Company”) (NASDAQ:NHTC) of the March 14, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Natural Health Trends Corp. securities between March 6, 2015 and January 12, 2016 (the “Class Period”). The case, Robert Ford v. Natural Health Trends Corp. et al, No. 2:16-cv-00255 was filed on January 12, 2016, and has been assigned to Judge Terry J. Hatter, Jr.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that Natural Health Trends’ Chinese entity does not operate in compliance with certain applicable Chinese regulations and laws.
Specifically, on January 7, 2016, an article published in Seeking Alpha reported that the Company is under investigation by Chinese authorities. On this news, the Company’s share price fell from $29.03 per share on January 6, 2016 to a closing price of $25.92 on January 7, 2016—a $3.11or a 10.7% drop.
Then, on January 11 and 12, 2016, GeoInvesting LLC issued two reports about investigations into the Company’s compliance by Chinese authorities, corroborating earlier reports. On this news, the Company’s share price fell from $23.35 per share on January 8, 2016 to a closing price of $20.70 on January 7, 2016—a $2.65 or a 11.3% drop. Then it fell from $20.70 per share on January 11, 2016 to a closing price of $19.18 on January 12, 2016—a $1.52 or a 7.3% drop
If you invested in Natural Health Trends securities between March 6, 2015 and January 12, 2016 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Natural Health Trends’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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