Dyer & Berens LLP Files Class Action Lawsuit On Behalf of Purchasers of Hansen Natural Corporation Common Stock Between May 23, 2007 and November 8, 2007 -- HANS


DENVER, Oct. 10, 2008 (GLOBE NEWSWIRE) -- Dyer & Berens LLP today announced that it has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of purchasers of Hansen Natural Corporation ("Hansen" or the "Company") (Nasdaq:HANS) common stock during the period between May 23, 2007 and November 8, 2007, inclusive (the "Class Period"). The complaint charges Hansen and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

If you are a purchaser of Hansen common stock during the Class Period, you have the right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made on or before November 10, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Hansen investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764, or via email at jeff@dyerberens.com.

The class action complaint alleges that the defendants issued false and misleading statements concerning Hansen's business, financial performance and prospects. According to the complaint, defendants improperly failed to disclose that: (i) Hansen was experiencing declining sales in its non-core drink lines; (ii) the Company was experiencing production shortfalls with its Java Monster drink line; and (iii) Hansen's second quarter sales results were materially impacted by inventory loading as customers were induced to purchase more product before the Company raised its prices in its Monster Energy drink line and its Java Monster drink line. Based on these alleged omissions, Hansen's common stock traded at artificially inflated levels throughout the Class Period, reaching as high as $68.11 per share on October 18, 2007. During this time, the individual defendants allegedly sold over 2.3 million shares of their personally-held Hansen common stock for gross proceeds in excess of $104.8 million.

On November 8, 2007, the Company announced its financial results for the third quarter of 2007, the period ended September 30, 2007. For the quarter, the Company reported lower than expected revenue growth and decreasing profit margins. In response, the price of Hansen's common stock fell approximately 23%, closing below $44 per share.

Plaintiff seeks to recover damages on behalf of all purchasers of Hansen common stock during the Class Period. The plaintiff is represented by Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.



            

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