BALTIMORE, MD -- (Marketwire) -- 09/20/08 -- Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the Central District of California on behalf of
purchasers of the common stock of Hansen Natural Corporation ("Hansen
Natural" or the "Company") (NASDAQ: HANS) during the period between May 23,
2007 and November 8, 2007, inclusive (the "Class Period"). The complaint
charges Hansen Natural and certain of its officers and directors with
violations under the Securities Exchange Act of 1934.
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than November 10,
2008 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/332-0030) to answer any questions you may have in that regard.
According to the complaint, during the Class Period, defendants issued
materially false and misleading statements that misrepresented and failed
to disclose: that Hansen Natural's second quarter sales results were
materially impacted by customers' inventory loading before the Company
raised its prices in certain of its products; that the Company was
experiencing declining sales in its non-core drink lines; and that the
Company suffered production shortfalls with its Java Monster drink line.
The complaint further alleges that the forgoing information prevented
defendants from having a reasonable basis for positive statements during
the Class Period about the Company and its prospects and that when, on
November 8, 2007, the Company issued a press release announcing its
financial results for the period ended September 30, 2007 indicating lower
than expected revenue growth and decreasing profit margins, the value of
the Company's shares declined significantly.
If you have suffered a net loss for all transactions in Hansen Natural
Corporation common stock during the Class Period, you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff
by contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/332-0030
Email Contact