Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Hansen Natural Corporation to Inquire
21 September 2008 - 1:55AM
Marketwired
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the Central District of California on behalf of
purchasers of the common stock of Hansen Natural Corporation
("Hansen Natural" or the "Company") (NASDAQ: HANS) during the
period between May 23, 2007 and November 8, 2007, inclusive (the
"Class Period"). The complaint charges Hansen Natural and certain
of its officers and directors with violations under the Securities
Exchange Act of 1934.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than November 10, 2008 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/332-0030) to answer any questions
you may have in that regard.
According to the complaint, during the Class Period, defendants
issued materially false and misleading statements that
misrepresented and failed to disclose: that Hansen Natural's second
quarter sales results were materially impacted by customers'
inventory loading before the Company raised its prices in certain
of its products; that the Company was experiencing declining sales
in its non-core drink lines; and that the Company suffered
production shortfalls with its Java Monster drink line. The
complaint further alleges that the forgoing information prevented
defendants from having a reasonable basis for positive statements
during the Class Period about the Company and its prospects and
that when, on November 8, 2007, the Company issued a press release
announcing its financial results for the period ended September 30,
2007 indicating lower than expected revenue growth and decreasing
profit margins, the value of the Company's shares declined
significantly.
If you have suffered a net loss for all transactions in Hansen
Natural Corporation common stock during the Class Period, you may
obtain additional information about this lawsuit and your ability
to become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410-332-0030, or at Brower Piven, A Professional
Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower
Piven have combined experience litigating securities and class
action cases of over 40 years. If you choose to retain counsel, you
may retain Brower Piven without financial obligation or cost to
you, or you may retain other counsel of your choice. You need take
no action at this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Baltimore, Maryland 410/332-0030 Email Contact
Hansen Natural (NASDAQ:HANS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Hansen Natural (NASDAQ:HANS)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Hansen Natural Corp. (MM) (NASDAQ): 0 recent articles
More Brower Piven, A Professional Corporation News Articles