An investigation for investors in NYSE:USNA shares over potential securities laws violations by USANA Health Sciences, Inc. was announced and NYSE:USNA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 01/29/2014 -- An investigation on behalf of investors in shares of USANA Health Sciences, Inc. (NYSE:USNA) over potential securities laws violations by USANA Health Sciences, Inc. was announced.
Investors who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain statements by USANA Health Sciences, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 23, 2013, USANA Health Sciences, Inc. disclosed that the Securities and Exchange Commission (“SEC”) is conducting an investigation, which appears to involve possible issues regarding trading in the Company’s stock during late 2012 by certain of the Company's directors, including the Chairman. Shares of USANA Health Sciences, Inc. declined from over $87 per share on July 22, 2013 to $72.93 per share on July 24, 2013.
On January 3, 2014, the Federal Trade Commission (FTC) announced it will hold a press conference on January 7, 2014 to announce an initiative against "deceptive adverting of weight-loss products," without naming the products or manufacturers. The FTC announcement included the sub-title "From Food Additives to Skin Cream to Dietary Supplements, FTC Cracks Down." On January 7, 2014 the FTC charged four companies with deceptively marketing. In this round of the crackdown, the FTC came down on Sensa Products, L’Occitane, HCG Diet Direct, and LeanSpa. The four companies will collectively pay $34 million to refund consumers, but they neither admitted nor denied fault in the case.
Shares of USANA Health Sciences, Inc. (NYSE:USNA) declined from $78.29 per share in late December 2013 to $57.37 per share on January 16, 2014.
On January 28 2014, NYSE:USNA shares closed at $59.62 per share, which is significantly below its current 52weekHigh of $92.00 per share.
Those who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com