An investigation for investors in NASDAQ:NHTC shares was announced over potential breaches of fiduciary duties by certain Natural Health Trends directors.
Investors who purchased shares of Natural Health Trends Corp. (NASDAQ:NHTC) and currently hold any of those NASDAQ:NHTC shares have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Natural Health Trends directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
On January 12, 2016 a lawsuit was filed against Natural Health Trends Corp over alleged securities laws violations. The plaintiff claimed that 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. In April 2016 an amended consolidated complaint was filed and in June 2016 the defendants filed their motion to dismiss the lawsuit. In early December 2016 the court denied the motion to dismiss the case.
Those who purchased NASDAQ:NHTC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego