BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Natural Health Trends Corporation (“Natural Health Trends” or the “Company”) (Nasdaq: NHTC) securities between March 6, 2015 and January 12, 2016, inclusive (the “Class Period”). Investors who have suffered losses on their investment in Natural Health Trends are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts pertaining to Natural Health Trends' business, operations, prospects and performance. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the operations of Natural Health Trends' Chinese entity is not in compliance with applicable Chinese laws; and (2) 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.
The complaint further alleges that after several news reports disclosed that the Company’s offices have been raided; and, a large scale investigation commenced by Chinese authorities in connection with allegations that the Company operates an illegal multi-level marketing scheme in China, the Company’s shares dropped sharply in value.
If you purchased shares of Natural Health Trends during the Class Period you may move the Court no later than March 14, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.
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