BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Natural Health Trends Corp. ("Natural Health" or the "Company") (NASDAQ: NHTC) concerning the Company and its officers possible violations of federal securities laws concerning the Company’s alleged violations of Chinese law. Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
On January 7, 2016, Seeking Alpha published a report indicating that the Company was under investigation by Chinese authorities. On this news, Natural Health Trends stock fell $3.11 per share, or over 10% from its previous closing price, to close at $25.92 per share on January 7, 2016, thereby damaging investors.
On January 11, 2016, analyst firm GeoInvesting, LLC (“GeoInvesting”) confirmed reports that Chinese government authorities were investigating the Company and had allegedly raided the Company’s offices in connection with allegations that the Company was operating an illegal multi-level marketing scheme in China; and that the Company’s Chinese distributor had suspended operations in China. Upon this news, Natural Health stock fell $2.65 per share, or over 11% from its previous closing price, to close at $20.70 per share on January 11, 2016, further damaging investors.
On January 12, 2016, GeoInvesting issued another report about the Company asserting that several reputable Chinese media sites, including SINA Finance, had disclosed that the Company had been raided and was under investigation. On this news, Natural Health stock fell $1.51 per share, or over 7% from its previous closing price, to close at $19.18 per share on January 12, 2016, further damaging investors.
If you purchased Natural Health securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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