An investor in Natural Health Trends Corp. (NASDAQ:NHTC) filed a lawsuit over alleged violations of Federal Securities Laws by Natural Health Trends Corp.
Investors who purchased shares of Natural Health Trends Corp. (NASDAQ:NHTC) have certain options and for certain investors are short and strict deadlines running. Deadline: March 14, 2016. NASDAQ:NHTC investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
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.
Those who purchased shares of Natural Health Trends Corp. (NASDAQ:NHTC) have certain options and should contact the Shareholders Foundation.
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