Usana Cleared By SEC, Still Faces Shareholder Suits

Law360, New York (January 11, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission, after an informal inquiry, has declined to take action against Usana Health Sciences Inc, but the Utah-based vitamin maker still faces a consolidated shareholder lawsuit.

Usana announced on Friday that it received a letter from the Salt Lake Regional office of the SEC saying the company would not face enforcement.

“Usana greatly appreciates the diligence of the SEC in completing its informal inquiry, and we are pleased to put this matter behind us,” said David A. Wentz, president of the...
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