Brower Piven, A Professional Corporation: Klage gegen Hansen Natural Corporation (engl.)
Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Hansen Natural Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the November 10, 2008 Lead Plaintiff Deadline
Saturday September 20, 11:55 am ET--Sep 20, 2008 -- 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") (HANS - News) 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 firstname.lastname@example.org 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 email@example.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.
Charles J. Piven
Brower Piven, A Professional Corporation
Source: Brower Piven, A Professional Corporation