NEW YORK, March 31, 2006 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) today announced that it has commenced an investigation into allegations that Nature's Sunshine Products, Inc. ("Nature" or the "Company") (Nasdaq:NATRE) violated the federal securities laws by issuing false and misleading financial statements during the period from first quarter 2002 through third quarter 2005.
On March 20, 2006, the Company shocked the market when it announced that it was withdrawing its financial statements and warned that it could be delisted from the Nasdaq. The Company disclosed that an internal investigation revealed "certain internal control weaknesses and outline potential violation of law." The Company also revealed that the internal investigation recommended "the termination of certain employees and senior officers." Following these adverse disclosures, the Company' stock price dropped over 35%.
As a result of these allegations, the Rosen Law Firm is preparing a class action lawsuit on behalf of investors who purchased Nature's stock during the period from May 13, 2002 to March 20, 2006 against the Company and its current and former management.
If you purchased shares of Nature stock at anytime during the period from May 13, 2002 through March 20, 2006 and would like further information concerning your legal rights, please call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com or visit the website at www.rosenlegal.com
You may access the website at http://www.rosenlegal.com to participate in the proposed class action.
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.