BENSALEM, Pa., Jan. 12, 2007 (PRIME NEWSWIRE) -- Law Offices of Howard G. Smith announces a January 29, 2007, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased the common stock of Hansen Natural Corporation ("Hansen" or the "Company'') (Nasdaq:HANS) between November 12, 2001 and November 9, 2006, inclusive (the "Class Period''). The shareholder lawsuit is pending in the United States District Court for the Central District of California.
The Complaint alleges that defendants violated federal securities laws by issuing material misrepresentations to the market concerning, among other things, the Company's improper backdating of stock option grants to certain key executives, thereby artificially inflating the price of Hansen securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Hansen common stock between November 12, 2001 and November 9, 2006, you have certain rights, and have 17 days remaining - until January 29, 2007 - in which to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice 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, by email to howardsmithlaw@hotmail.com or visit our website at www.howardsmithlaw.com.