USANA Shareholder Class Action Lawsuit Dismissed
2008-07-24 08:15:00
USANA Shareholder Class Action Lawsuit Dismissed
SALT LAKE CITY–(EMWNews)–USANA Health Sciences, Inc. (NASDAQ: USNA) today announced that,
yesterday afternoon, United States District Judge Dale Kimball dismissed
with prejudice the shareholder class action suit filed in March of 2007
against the company and certain of its officers and directors. The judge
ruled that the plaintiffs failed to assert any actionable securities
laws claims against USANA.
“We are pleased that the court ruled in our
favor on this motion to dismiss,” said Dave
Wentz, chief executive officer, USANA Health Sciences, Inc. “This
was a case we believed from the beginning had no foundation and we will
now be able to move forward without further distraction or expense.”
About USANA
USANA develops and manufactures high quality nutritionals, personal
care, and weight management products that are sold directly to Preferred
Customers and Associates throughout the United States, Canada,
Australia, New Zealand, Hong Kong, Japan, Taiwan, South Korea,
Singapore, Mexico, Malaysia, the Netherlands, and the United Kingdom.
More information on USANA can be found at http://www.usanahealthsciences.com.
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Investors contact: Investor Relations, 801-954-7922 contact: |
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