SAN FRANCISCO, Feb. 04, 2016 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, alerts investors of the March 14, 2016 lead plaintiff deadline in the securities fraud class action lawsuit against Natural Health Trends Corporation (NASDAQ:NHTC) related to the recent plunge in the Company’s share price. Natural Health Trends is under investigation by the Beijing Chaoyang District SAIC and the Chinese Public Security Bureau.
If you suffered losses because of your purchases of Natural Health Trends securities between March 6, 2015 and January 12, 2016, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing NHTC@hbsslaw.com or visiting https://www.hbsslaw.com/cases/NHTC. The lawsuit was filed in the U.S. District Court for the Central District of California and investors have until March 14, 2016 to move the court to participate as a lead plaintiff.
Natural Health Trends operates as an international direct-selling and e-commerce company, and controls wholly-owned subsidiaries that have an active presence in North America, China, South Korea, Japan, and Europe. In China, the Company sells directly to consumers through its e-commerce platform.
On January 7, 2016, Seeking Alpha reported that the Company is under investigation by Chinese authorities. On this news, shares of Natural Health Trends fell $3.11 per share or over 10% from its previous closing price to close at $25.92 per share on January 7, 2016.
Then, on January 11 and 12, 2016 analyst firm GeoInvesting LLC issued two report about the Company that corroborated earlier reports about the investigation, even though the Natural Health Trends denied knowledge of any such investigation. On these two days, the stock dropped again, dropping $2.65 per share, over 11%, on January 11, 2016 and an additional $1.51 per share, or over 7%, to close at $19.18 per share on January 12, 2016.
“While the stock’s recent drop relates only to the Chinese investigation, we continue to investigate the sudden slip starting around late December,” said Hagens Berman partner Reed Kathrein. “Often such a decline, on no discernable publicly reported news, means insiders or others are bailing out on anticipated news not shared with the public.”
Whistleblowers: Persons with non-public information regarding Natural Health Trend in the United States or China should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at (510) 725-3000 or email NHTC@hbsslaw.com.
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