KGS Announces That a Class Action Suit Has Been Filed By Shareholders of Natural Health Trends Corp. (NASDAQ: BHIP)
Posted on: Thursday, 16 November 2006, 18:01 CST
Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Natural Health Trends Corp. ("Natural Health" or the "Company") (NASDAQ: BHIP) common stock who purchased their shares during the period from March 31, 2003 through August 11, 2006 (the "Class Period"), may now move for appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Northern District of Texas. No class has yet been certified in this action.
UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
The complaint alleges that Natural Health and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing a series of materially false and misleading statements. In particular, the Complaint alleges that during the Class Period defendants: (1) reported revenues and earnings were artificially inflated due to phantom sales; (2) failed to institute adequate internal controls and procedures; (3) failed to disclose that earnings were significantly impacted from returns by its distributors; and (4) defendants failed to disclose that the Company's financial statements filed with the SEC were not prepared in accordance with GAAP. When these adverse facts became know to investors, the price of Natural Health shares declined precipitously.
If you acquired shares of TVIA between March 31, 2003 through August 11, 2006, and if you want to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Lewis Kahn of KGS toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at lewis.kahn@kglg.com.
Contact: Lewis Kahn KGS 1-866-467-1400, ext. 100 504-301-7900 lewis.kahn@kglg.com
SOURCE: Kahn Gauthier Swick, LLC
Source: MARKET WIRE
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