ATLANTA, GA -- (Marketwire) -- 09/23/08 -- Holzer Holzer & Fistel, LLC announces that it
has filed a shareholder class action lawsuit in the United States District
Court for the Central District of California on behalf of purchasers of
Hansen Natural Corporation ("Hansen Natural" or the "Company") (NASDAQ: HANS) common stock during the period between May 23, 2007 and November 8,
2007 (the Class Period).
The complaint charges Hansen Natural and certain of its officers and
directors with violations of the Securities Exchange Act of 1934. The
complaint alleges Hansen Natural issued false and misleading public
statements and disclosures concerning the Company's financial condition,
including the Company's failure to disclose that its second quarter sales
results were artificially high, that the Company was experiencing decline
sales for several of its products and that the Company was experiencing
production shortfalls with its Java Monster drink line.
Purchasers of Hansen Natural common stock during the Class Period have the
legal right to petition the Court to be appointed a "lead plaintiff." A
lead plaintiff is a representative party that acts on behalf of other class
members in directing the litigation. Any such request must satisfy certain
criteria and be made not later than 60 days from September 11, 2008. Any
member of the purported class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and remain an
absent class member. If you are a Hansen Natural investor and would like
to discuss a potential lead plaintiff appointment, or your rights and
interests with respect to the lawsuit, you may contact Michael I. Fistel,
Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or
mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates
its practice to vigorous representation of shareholders and investors in
litigation nationwide, including shareholder class action and derivative
litigation. More information about the firm is available through its
website, www.holzerlaw.com and upon request from the firm.
