On or around 04/14/2020 (Other)
Filing Date: January 08, 2019
According to the Complaint, Natural Health Trends operates as an international direct-selling and e-commerce company. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Natural Health Trends was operating as a pyramid scheme in China, which is contrary to Chinese law; (2) consequently, Natural Health Trends was not in compliance with applicable Chinese law; and (3) 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.
On May 3, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on June 3. Defendants filed a Motion to Dismiss the amended Complaint on September 7. On December 20, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint. On January 13, 2020, Plaintiff filed a “Notice of Intent Not to File Second Amended Complaint.” On January 17, the Court dismissed the case with prejudice. Lead Plaintiff filed a notice appealing the Dismissal Order on February 14. The appeal was voluntarily dismissed on April 14, 2020.
Company & Securities Information
Defendant: Natural Health Trends Corp.
Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
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
Daniel Kauffman, et al. v. Natural Health Trends Corp., et al.