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USANA ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of USANA Health Sciences, Inc.

2014-07-15 18:02 ET - News Release


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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