Company Website:
http://www.johnsonandweaver.com
SAN DIEGO -- (Business Wire)
Shareholder rights law firm Johnson & Weaver, LLP has commenced an
investigation into whether certain officers and directors of USANA
Health Sciences, Inc. (NYSE: USNA) violated state or federal laws.
On July 15, 2014, USANA stock dropped more than 5.00% after a report by
Citron Research stated that nearly 33% of USANA sales and 50% of its
revenue growth stemmed from “widespread illegal MLM operations in
China.” Citron further stated, “USANA is one of the most egregious
violators of China’s ‘anti-pyramid scheme laws’ which effectively
prohibit MLM’s primary business model – multi-level compensation schemes
for recruiting and enrolling new sales agents.” Furthermore, Citron
noted that “USANA doesn’t even own a retail license in China for
neutraceutical product; its entire mainland operation for distributing
them requires the charade of Hong-Kong sales associates who actually
live and operate in mainland China.”
Johnson & Weaver’s investigation is ongoing and seeks to determine
whether USANA is operating illegally in China and thus violating federal
or state securities laws.
If you have information that could assist in this investigation, or
if you are an USANA shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (jimb@johnsonandweaver.com) by
email or by phone at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Source: Johnson & Weaver, LLP
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