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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of May 12, 2018 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLD
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Lawsuit Overview
Settlement Overview
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November 16, 2017 - The court preliminarily approved the settlement.
October 3, 2017 - A stipulation of settlement was filed by the parties.
June 15, 2016 - A motion to dismiss the consolidated complaint was filed.
April 29, 2016 - A consolidated complaint was filed.
January 12, 2016 - 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 March 6, 2015 through January 12, 2016.
According to the complaint the plaintiff alleges on behalf of purchasers of Natural Health Trends Corp (NASDAQ: NHTC) common shares between March 6, 2015 through January 12, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 6, 2015 through January 12, 2016 the defendants issued certain false and misleading statements to investors and/or failed to disclose that the operations of Natural Health Trends’ Chinese entity is not in compliance with applicable Chinese laws, 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.
Natural Health Trends Corp reported that its Total Revenue rose from $31.16 million in 2011 to $124.59 million in 2014 and that its Net Income increased from $2.31 million in 2011 to $20.37 million in 2014. Shares of Natural Health Trends Corp (NASDAQ: NHTC) grew from $4.60 per share in early 2014 to as high as $51.46 per share in November 2015.
On January 7, 2016, various media outlets in China reported that Natural Health Trends Corp is suspected of violating China’s multi level marketing law and is currently being investigated by Chinese authorities. Shares of Natural Health Trends Corp (NASDAQ: NHTC) declined on January 12, 2016, to as low as $16.45 per share.