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Natural Health Trends Corp. (NASDAQ: NHTC) Investor Securities Class Action Lawsuit 01/08/2019

  • If you purchased shares of Natural Health Trends Corp. (NASDAQ: NHTC), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Natural Health Trends Corp.
Security
NASDAQ: NHTC

Case Name
Natural Health Trends Shareholder Class Action Lawsuit 01/08/2019
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Central District of California

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

April 14, 2020 - The case was voluntarily dismissed.

February 14, 2020 - A notice appealing the dismissal order was filed.

January 17, 2020 - The case was dismissed.

January 13, 2020 - A notice not to amend the complaint was filed.

December 20, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

September 7, 2019 - A motion to dismiss the amended was filed.

June 3, 2019 - An amended complaint was filed.

January 8, 2019 - An investor in shares of Natural Health Trends Corp. (NASDAQ: NHTC) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Natural Health Trends Corp. in connection with certain allegedly false and misleading statements made between April 27, 2016 and January 5, 2019.

Rolling Hills Estates, CA based Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. Natural Health Trends Corp. reported that its annual Total Revenue declined from $287.72 million in 2016 to $197.56 million in 2017 and that its Net Income declined from $55.08 million in 2016 to $23.57 million in 2017. Shares of Natural Health Trends Corp. (NASDAQ: NHTC) traded in September 2018 as high as $27.20 per share. On January 5, 2019, China Central Television (“CCTV”) aired a segment alleging that Natural Health Trends ran a pyramid scheme in China. Shares of Natural Health Trends Corp. (NASDAQ: NHTC) declined to as low as $13.40 per share on January 7, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of Natural Health Trends Corp. (NASDAQ: NHTC) common shares between April 27, 2016 and January 5, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between April 27, 2016 and January 5, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Natural Health Trends was operating as a pyramid scheme in China, which is contrary to Chinese law, that consequently, Natural Health Trends was not in compliance with applicable Chinese law, and that as a result, defendants’ statements about Natural Health Trends’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times.