Nature's Sunshine lawsuit settled for $6 million
PROVO (AP) — A class-action lawsuit alleging insider trading and securities fraud by several top executives of Nature's Sunshine Products Inc. has been settled for $6 million.
The executives of the Provo nutritional supplements maker were accused of violating federal securities laws by falsifying financial statements to auditors and federal regulators, costing shareholders millions of dollars in damages.
According to the suit, the bogus statements allowed the defendants to sell millions of dollars worth of stock between April 2002 and April 2006 at artificially inflated prices.
In agreeing to settle, the company denied any wrongdoing.
Under the settlement, the company's insurer will pay $6 million plus interest to affected shareholders.
Recent comments
Nature's Sunshine has been fraudulent for decades. People had better...
Anonymous | Nov. 9, 2009 at 12:20 p.m.
This is an example of lawyers trying to make a buck. If a stock...
These lawsuits are common | Nov. 9, 2009 at 9:09 a.m.
Sounds like another Utah County scam by some devout conservatives.
Dixie Dan | Nov. 7, 2009 at 4:19 p.m.
- Reports: Health reform would help 1:12 p.m.
- Eccles donates to symphony/opera 1:03 p.m.
- Crash in Wyo. kills Ogden woman 1:00 p.m.
- Salt caverns would store natural gas 12:52 p.m.
- Wasatch Co. attorney nominated 12:50 p.m.
- Driver who hit bus cited for DUI 12:50 p.m.
- Call caught Northwest pilots unaware 12:49 p.m.
- Health care overhaul bill slowed 12:47 p.m.
- Fed holds rates at record low 12:45 p.m.
- Blog: Noteworthy eliminated from... 11:18 a.m.
- Josh Powell meets with WVC police
- Will Chambers keep his promise?
- Star on field, in community
- Cougar seniors see a new Bronco
- BYU singers compete in 'Sing Off'
- Boy shot in head during struggle dies
- Cougs brace for coaching changes
- Josh Powell provides DNA sample
- Boozer plays at an All-Star level
- Jazz miss Harpring's toughness
- Jazz stunned by Timberwolves
114 - BYU to wear royal blue uniforms108
- Josh Powell meets with WVC police106
- TV mom gives birth to 19th child105
- Stay the course with our president104
- Sources: Josh Powell hires attorney100
- Letters: Explaining Palin99
- Choir, guests unwrap musical magic88
- Letters: 'Liberal conceit'84
- Tethering of pets could spur charges82
These days, more than half of adults actually want gift cards, those...
Some forms of beauty are fleeting, fragile as life itself, gone in a...
David Rankin, one of Utah's youngest and ablest astrophotographers has...
Latest comments
Protecting oneself from over-zealous police and urgently seeking your missing...
"We have a chained up pit bull next door that growls at my kids, so does this...
Yeah, that really shouldn't be classified as stimulus. You could call it a...
The major points I see being made here are VERY VIABLE and useful!!...
Sad so many comments about Carbon footprints. Get over it. Global warming...
How many times do we hear... "God loves his daughters as much as his sons..."...
"The problem with America is that it has been taken over by the...
The Rebels don't have a problem playing on the road against SUU. Why doesn't...
There are so many unnecessary laws that it's beginning to look like Hitlers...
Ahhhh, yes, the classic escape clause. Employed by elementary school...