Holzer Holzer & Fistel, LLC Announces That It Has Filed a Shareholder Class Action Against Hansen Natural Corporation (NASDAQ: HANS)
Market Wire, September, 2008
Holzer Holzer & Fistel, LLC announces that it has filed a shareholder class action lawsuit in the United States District Court for the Central District of California on behalf of purchasers of Hansen Natural Corporation ("Hansen Natural" or the "Company") (NASDAQ: HANS) common stock during the period between May 23, 2007 and November 8, 2007 (the Class Period).
The complaint charges Hansen Natural and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges Hansen Natural issued false and misleading public statements and disclosures concerning the Company's financial condition, including the Company's failure to disclose that its second quarter sales results were artificially high, that the Company was experiencing decline sales for several of its products and that the Company was experiencing production shortfalls with its Java Monster drink line.
Purchasers of Hansen Natural common stock during the Class Period have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made not later than 60 days from September 11, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Hansen Natural investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com , or mdees@holzerlaw.com , or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.
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