SEATTLE, April 6, 2006 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it has commenced an investigation against Nature's Sunshine Products, Inc. ("Nature's Sunshine" or the "Company") (Pink Sheets:NATR) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in Company stock by the Nature's Sunshine Products, Inc. Tax Deferred Retirement Plan (the "Plan").
Keller Rohrback's investigation focuses on concerns that Nature's Sunshine and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing a significant amount of the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
If you are a member of the Nature's Sunshine Products, Inc. Tax Deferred Retirement Plan, and purchased or held Nature's Sunshine stock through the Plan, you may contact any member of our team, paralegal Jennifer Tuato'o, or attorneys Erin Riley, Derek Loeser or Lynn Sarko, toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases--the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc. and Marsh & McLennan Companies ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Delphi ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.