Hansen Natural Corporation

Hansen Natural Corporation

Hansen Natural Corporation Securities Settlement

The lawsuit was settled for $16.25 million in cash. the following is a summary of the proceedings in this lawsuit: ‘This Action alleges that Hansen and certain of its executives violated the federal securities laws by misrepresenting and omitting material facts about Hansen business, including the state of its distribution relationship with Anheuser-Busch (AB) and the benefits to be derived therefrom and that Hansen purportedly engaged in a channel stuffing scheme during the Class Period relating to sales to AB distributors. Lead Plaintiff alleges that when Defendants disclosed the truth about the AB relationship and the Company financial results, Settlement Class Members suffered damages as a result of a decline in the price of Hansen common stock.’

 

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