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Marketwired - Class Action

Marketwired - Class Action

Last Build Date: Wed, 15 Feb 2017 12:28:09 EST

Copyright: Copyright: (C) Marketwired

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against USANA Health Sciences, Inc.

Wed, 15 Feb 2017 11:13:45 EST

OKLAHOMA CITY, OK--(Marketwired - Feb 15, 2017) - On February 13, 2017, a class action lawsuit was filed in the United States District Court for the District of Utah against USANA Health Sciences, Inc. (NYSE: USNA). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 14, 2014 through February 7, 2017.