Monday, December 21, 2009

Hansen Natural Corporation Long Term Shareholder Alert

An broker in Hansen Natural Corporation (Public, NASDAQ:HANS) filed in the United States District Court for the Central District of California on October 15, 2008 a accusation adjoin assertive accepted and above officers, directors, and advisers of the of the Hansen Natural Corp.

Those who invested in Hansen Natural Corporation (NASDAQ:HANS) as aboriginal as November 2006 or before, accept assertive options and should acquaintance the Shareholders Foundation, Inc at mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

Plaintiff alleges aperture of fiduciary duty, acceptable and abetting aperture of fiduciary duty, abuse of Cal. Corp. Code §§ 25402 and 25403 for cabal selling, and biased accessory that. According to the complaint the plaintiff alleges that from November 2006 on the defendants acquired the Company to affair apocryphal and ambiguous statements apropos its business affairs and bootless to appropriately acknowledge problems accompanying to its non-Monster activity drinks, the affairs for the Anheuser-Busch administration relationship, and declared “inventory loading” that afflicted the Company’s after-effects for the additional division of 2007. Plaintiff added alleges that while the Company’s shares were purportedly artificially aggrandized because of those abnormal statements, assertive of the defendants awash Company banal while in control of actual clandestine information.

Hansen Natural Corp. aswell faces a accusation in the U.S. District Court for the Central District of California filed on account of all purchasers of the accepted banal of Hansen Natural Corp. from November 9, 2006 through November 8, 2007 alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Plaintiff principally alleges that amid November 9, 2006 through November 8, 2007 the defendants fabricated apocryphal and ambiguous statements apropos to the Company’s administration allocation agreements with Anheuser-Busch, Inc. and its sales of “Allied” activity alcohol lines, and affianced in sales of shares in the Company on the base of actual clandestine information. Plaintiff aswell alleges that the Company’s banking statements for the additional division of 2007 did not cover assertive promotional expenses. Then on November 8, 2007, the Company issued a columnist absolution announcement its banking after-effects for the third division of 2007, the aeon concluded September 30, 2007. For the quarter, the Company appear lower than accepted acquirement advance and abbreviating accumulation margins. Following this balance announcement, shares of the Company's accepted banal fell $13.17 per share, or 23%, to abutting at $43.50 per share, on abundant trading volume. On July 14, 2009, the Court entered an adjustment accumulation two lawsuits and appointing advance counsel. On August 28, 2009 advance plaintiff filed a Consolidated Complaint for Violations of Federal Securities Laws.

Hansen Natural Corporation, amid in Corona, CA is a captivation aggregation and carries no operating business except through its absolute wholly endemic subsidiaries, Hansen Beverage Company. Shares of Hansen Natural Corporation (NASDAQ:HANS) traded afresh at $30.17 per share, down from a 52weekHigh of $44.02 per allotment and $67.86 per allotment in 2007. Hansen Natural appear Total Revenue of $904.47million with a net assets of $149.41million in 2007 and Total Revenue of $1.03378billion with net assets of $108.03million in 2008.

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