Nature's Sunshine To Pay $6M In Fraud Suit

Law360, New York (November 9, 2009, 2:40 PM EST) -- Nature's Sunshine Products Inc. is set to fork over $6 million to settle a class action lawsuit accusing the nutritional supplements manufacturer and three executives of bilking millions of dollars from shareholders as part of a securities fraud scheme.

The Provo, Utah-based company announced Friday that it had received preliminary approval of the deal in October from the U.S. District Court for the District of Utah.

Under the terms of the settlement, which was brokered in September, the company's insurer will hand over $6 million plus...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.