On or around 04/26/2019 (Date of order of distribution of settlement)
Filing Date: January 12, 2016
According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) the operations of Natural Health Trends’ Chinese entity is not in compliance with applicable Chinese laws; and (2) as a result, Defendants’ statements about Natural Health Trends’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On March 29, 2016, the Court issued an Order appointing lead plaintiffs and approving lead counsel. Lead Plaintiffs filed a consolidated complaint on April 29.
The parties entered into a Stipulation of Settlement on October 3, 2017. Preliminary approval was granted on November 16.
On April 2, 2018, the Court granted Plaintiff's Motion for Attorney Fees. The Court granted final approval of the Settlement and entered Final Judgment on April 6. On April 26, 2019, the Court issued an Order approving the Settlement distribution plan.
Company & Securities Information
Defendant: Natural Health Trends Corp.
Sector: Consumer Cyclical
Headquarters: United States
Ticker Symbol: NHTC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Robert Ford, et al. v. Natural Health Trends Corp., et al.
Consolidated Class Action Complaint For Violations Of The Federal Securities Laws
Stipulation of Settlement
Notice of Unopposed Motion and Unopposed Motion of Lead Plaintiff for an Order Granting Preliminary Approval of Class Action Settlement and Directing Dissemination of Notice to the Class; Memorandum of Points and Authorities in Support Thereof
Notice of Proposed Class Action Settlement
Preliminary Approval Order
Order Granting Plaintiffs' Motion for Attorneys' Fees, Reimbursement of Expenses, and Incentive Awards
Final Judgment and Order of Dismissal with Prejudice [JS-6]
U.S. District Court Civil Docket
Order Approving Distribution Plan as Modified by the Court
Related District Court Filings
—Related District Court Filings Data is not available