SOURCE: Strategic Claims Services

October 30, 2009 08:00 ET

Notice of Pendency and Proposed Settlement of Class Action on Behalf of Those Who Purchased the Common Stock of Nature's Sunshine Products, Inc. Announced by The Rosen Law Firm, P.A.

SALT LAKE CITY, UT--(Marketwire - October 30, 2009) - The Rosen Law Firm, P.A. Announces the Notice of Pendency and Proposed Settlement of Class Action Involving Nature's Sunshine Products, Inc.

IN THE UNITED STATES DISTRICT COURT DISTRICT OF UTAH, CENTRAL DIVISION IN RE NATURE'S SUNSHINE PRODUCTS SECURITIES LITIGATION

This Document relates to: All Actions.

Master File No. 2:06cv00267 TS (Consolidated with 2:06cv00287 DB, 2:06cv00311 DAK, 2:06cv00350 BSJ and 2:06cv00442 DB)

Judge Ted Stewart

Magistrate Judge Samuel Alba

SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT AND HEARING THEREON

TO: ALL PERSONS WHO PURCHASED THE PUBLICLY TRADED COMMON STOCK OF NATURE'S SUNSHINE PRODUCTS, INC. DURING THE PERIOD FROM APRIL 23, 2002 THROUGH APRIL 5, 2006, INCLUSIVE.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of Utah, Central Division, that a hearing will be held on February 9, 2010 at 2:00 p.m. before the Honorable Ted Stewart, United States District Judge for the District of Utah, 350 South Main Street, Salt Lake City, Utah 84101 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $6,000,000 in cash, plus interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate; (3) whether the application for an award of attorneys' fees and reimbursement of expenses should be approved; (4) whether the application for incentive awards for the Settlement Class Representatives should be approved; and (5) whether the Litigation should be dismissed with prejudice.

If you purchased shares of Nature's Sunshine Products, Inc. common stock during the during the period from April 23, 2002 through and including April 5, 2006 ("Settlement Class Period"), your rights may be affected by the Settlement of this action. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to In re Nature's Sunshine Products Securities Litigation, Claims Administrator, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA 19063, or going to the website, www.rosenlegal.com. If you are a member of the Settlement Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release no later than January 19, 2010, establishing that you are entitled to recovery. If you desire to be excluded from the Class, you must submit a written request for exclusion, postmarked no later than January 19, 2010 in the manner and form explained in the Notice. You will be bound by any judgment rendered in the Litigation whether or not you make a claim.

Any objection to the Settlement, Plan of Allocation, the Request for Award of Attorneys' Fees and Reimbursement of Expenses, or the Request for incentive awards payable to the Settlement Class Representatives must be mailed or delivered such that it is received by each of the following no later than January 26, 2010:

    Clerk of the Court
    United States District Court
    for the District of Utah
    350 South Main St.
    Salt Lake City, Utah 84101

    Phillip Kim, Esq.
    THE ROSEN LAW FIRM, P.A.
    350 Fifth Avenue, Suite 5508
    New York, NY  10118
    Tel.:  (212) 686-1060
    Fax:  (212) 202-3827
    Lead Class Counsel in the Litigation

    Raymond J. Etcheverry, Esq.
    PARSONS BEHLE & LATIMER
    201 South Main Street, Suite 1800
    Salt Lake City, Utah  84111
    Tel.: (801) 532-1234
    Fax: (801) 536-6111
    Counsel for Defendants

If you have any questions about the Settlement, you may call or write to Plaintiffs' Lead Counsel:

    Phillip Kim, Esq.
    THE ROSEN LAW FIRM, P.A.
    350 Fifth Avenue, Suite 5508
    New York, NY  10118
    Tel.: (212) 686-1060

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: October 8, 2009

BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE
DISTRICT OF UTAH, CENTRAL DIVISION

Contact Information

  • Contact:
    Phillip Kim, Esq.
    THE ROSEN LAW FIRM, P.A.
    350 Fifth Avenue, Suite 5508
    New York, NY 10118
    Tel.: (212) 686-1060
    Fax: (212) 202-3827