SALT LAKE CITY, Oct. 23, 2017 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN) today commented on the dismissal with prejudice of the putative class action complaint filed against the company in the United States District Court for the District of Utah on September 15, 2016 (in re LifeVantage Corp. Securities Litigation, Case No. 16-cv-00965-TS).
“As some of you may be aware, the United States District Court for the District of Utah previously granted our motion to dismiss this lawsuit and, on September 18, 2017, the court entered final judgment dismissing the lawsuit with prejudice. We are now pleased to report that, in exchange solely for a release and without payment by LifeVantage of any consideration whatsoever, the lead plaintiffs have now agreed to forego taking any appeal from the judgment. The case is now fully and finally closed,” said LifeVantage President and CEO Darren Jensen.
Mr. Jensen commented further, “the dismissal of this lawsuit removes a level of distraction for us and for our independent distributors. We are excited for our independent distributors to continue their focus on selling our scientifically validated products and growing their businesses.”
About LifeVantage Corporation
LifeVantage Corporation is a science-based health, wellness and anti-aging company dedicated to helping people transform themselves internally and externally at a cellular level. Their scientifically-validated product lines include Protandim® Nrf2 and NRF1 Synergizers, TrueScience® Anti-Aging Skin Care Regimen, Petandim®, AXIO® Smart Energy and the PhysIQ™Smart Weight Management System. LifeVantage (Nasdaq:LFVN) was founded in 2003 and is headquartered in Salt Lake City, Utah. For more information, visit www.lifevantage.com.
Forward Looking Statements
This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates," "look forward to" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Examples of forward-looking statements include, but are not limited to, statements we make regarding our future growth, distributor success and shareholder value. Such forward-looking statements are not guarantees of performance and the Company's actual results could differ materially from those contained in such statements. These forward-looking statements are based on the Company's current expectations and beliefs concerning future events affecting the Company and involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, among others, those discussed in greater detail in the Company's Annual Report on Form 10-K and the Company's Quarterly Report on Form 10-Q under the caption "Risk Factors," and in other documents filed by the Company from time to time with the Securities and Exchange Commission. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this document, except as required by law.
Investor Relations Contact:
Scott Van Winkle
Managing Director, ICR