Home

Hansen Natural Corporation Long Term Shareholder Alert

If you invested in Hansen Natural Corporation (NASDAQ:HANS) as early as November 2006 or before, you have certain options and you should contact the Shareholders Foundation, Inc.

You may contact us by using this form, or by sending an email to mail@shareholdersfoundation.com, or calling us at (858) 779-1554.

Company Name(s): 
Hansen Natural
Affected Securities: 
NASDAQ: HANS

An investor in Hansen Natural Corporation (Public, NASDAQ:HANS) filed in the United States District Court for the Central District of California on October 15, 2008 a lawsuit against certain current and former officers, directors, and employees of the of the Hansen Natural Corp.

Plaintiff alleges breach of fiduciary duty, aiding and abetting breach of fiduciary duty, violation of Cal. Corp. Code §§ 25402 and 25403 for insider selling, and unjust enrichment. According to the complaint the plaintiff alleges that from November 2006 on the defendants caused the Company to issue false and misleading statements concerning its business prospects and failed to properly disclose problems related to its non-Monster energy drinks, the prospects for the Anheuser-Busch distribution relationship, and alleged “inventory loading” that affected the Company’s results for the second quarter of 2007. Plaintiff further alleges that while the Company’s shares were purportedly artificially inflated because of those improper statements, certain of the defendants sold Company stock while in possession of material non-public information.

Hansen Natural Corp. also faces a lawsuit in the U.S. District Court for the Central District of California filed on behalf of all purchasers of the common stock of Hansen Natural Corp. from November 9, 2006 through November 8, 2007 alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Plaintiff principally alleges that between November 9, 2006 through November 8, 2007 the defendants made false and misleading statements relating to the Company’s distribution coordination agreements with Anheuser-Busch, Inc. and its sales of “Allied” energy drink lines, and engaged in sales of shares in the Company on the basis of material non-public information. Plaintiff also alleges that the Company’s financial statements for the second quarter of 2007 did not include certain promotional expenses. Then on November 8, 2007, the Company issued a press release announcing its financial results for the third quarter of 2007, the period ended September 30, 2007. For the quarter, the Company reported lower than expected revenue growth and decreasing profit margins. Following this earnings announcement, shares of the Company's common stock fell $13.17 per share, or 23%, to close at $43.50 per share, on heavy trading volume. On July 14, 2009, the Court entered an order consolidating two lawsuits and appointing lead counsel. On August 28, 2009 lead plaintiff filed a Consolidated Complaint for Violations of Federal Securities Laws.

Hansen Natural Corporation, located in Corona, CA is a holding company and carries no operating business except through its direct wholly owned subsidiaries, Hansen Beverage Company. Shares of Hansen Natural Corporation (NASDAQ:HANS) traded recently at $30.17 per share, down from a 52weekHigh of $44.02 per share and $67.86 per share in 2007. Hansen Natural reported Total Revenue of $904.47million with a net income of $149.41million in 2007 and Total Revenue of $1.03378billion with net income of $108.03million in 2008.

Countrywide Mortgage-Backed Securities Certificate Investor Lawsuit - An investor has filed a lawsuit in the United States District Court for the Central District of California on behalf of investors of certain mortgage-backed securities (Alternative Loan Trust Certificates issued by CWALT, Inc., certain CWABS Asset-Backed Trust Certificates issued by CWABS, Inc., certain CHL Mortgage Pass-Through Trust Certificates issued between 2005 and 2006 by CWMBS, Inc., and certain CWHEQ Revolving Home Equity Loan Trusts and Home Equity Loan Trusts issued by, CWHEQ, Inc.) sponsored by affiliates of Countrywide Financial Corporation and its wholly-owned subsidiary Countrywide Home Loans, Inc. and related trusts, issued between 2005 and 2007.
infoGROUP, Inc. Board Under Investigation - The investigation by la aw firm focuses on potential breaches of fiduciary duty and other violations of state law arising out of the attempt to take over infoGROUP Inc (Public, NASDAQ:IUSA) by CCMP Capital.
Medivation, Inc. Investor Files Lawsuit Over Alleged Securities Laws Violations - The plaintiff alleges that Medivation, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between July 17, 2008 and March 2, 2010 false and misleading statements regarding its drug Dimebon.
Ormat Technologies, Inc. Hit by Investor Lawsuit - The plaintiff alleges that Ormat Technologies, Inc and certain of its executive officers violated federal securities laws by knowing or recklessly disregarding between May 6, 2008 and February 24, 2010 that their public statements concerning Ormat Technologies, Inc's business, operations and prospects were materially false and misleading.
RCN Corporation Board of Directors Under Investigation - The investigation by la aw firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of RCN Corp. arising out of their attempt to sell RCN Corporation to an investment fund managed by ABRY Partners.
Shareholders Foundation Announces Investor Lawsuit Against Bare Escentuals, Inc. Board - On January 15, 2010, Bare Escentuals, Inc. (Nasdaq:BARE - News) and Shiseido Co., Ltd. announced that they have entered into a definitive agreement pursuant to which Shiseido Co., Ltd. will acquire Bare Escentuals for approximately US$1.7 billion through an all-cash tender offer and second-step merger.
St. Jude Medical, Inc. under Investigation - According to the investigation by a law firm the investigation on behalf of investors in St. Jude Medical, Inc. (Public, NYSE:STJ) focuses on potential violations of the federal securities laws by St. Jude Medical, Inc. (NYSE: STJ) based on whether a series of statements regarding St. Jude business, its prospects and its operations were materially false and misleading at the time they were made.
Pride International, Inc. Under Shareholder Investigation Over Alleged Corruption Practices - The Investigations reportedly show evidence of among others, close to $1 million in payments made to government officials in Venezuela and Mexico between 2003 and 2005.
UCBH Holdings, Inc. 8.50% Non-Cumulative Perpetual Convertible Series B Investors Investigation - UCBH Holdings announced on May 12, 2009, that UCBH was delaying the filing of its Quarterly Report with the Securities and Exchange Commission for the 2009 fiscal first quarter and, as a result of an ongoing assessment of the adequacy of its allowance for loan losses, additional general reserve provisions to its allowance for loan losses were possible, and that any additional provisioning would further increase its net loss for the quarter ended March 31, 2009.
CKE Restaurants, Inc. Investor Files Lawsuit Against Takeover - According to the complaint the plaintiff alleges breaches of fiduciary duty arising out of the attempt to sell CKE Restaurants, Inc. (NYSE:CKR) to Thomas H. Lee Partners.
Kingsway Financial Services Inc. (USA) under Shareholder Investigation - The investigation on behalf of Kingsway Financial Services Inc. (USA) (Public, NYSE:KFS) investors focuses on the following events: On October 19, 2009, Kingsway Financial Services Inc disclosed that it had disposed of its entire interest in Walshire General Insurance Company, the sole shareholder of Lincoln General, by donating 100% of the stock of Walshire General Insurance Company to a number of charity groups.
Facet Biotech Corporation Board Under Investigation - The investigation by la aw firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Facet Biotech arising out of their attempt to sell Facet Biotech Corporation to Abbott.
Rhonda Breard Investors Victims of Fraud - Rhonda Breard, a Kirkland broker, has been under investigation by law firms since millions of her clients' dollars went missing. Breard has built her career on targeting mostly wealthy clients. But Ms. Breard may have converted $8.31 million from more than 20 ING clients for her own personal use and to maintain an extremely lavish lifestyle at the expense of her investors.
Electronic Game Card, Inc. Investors Files Lawsuit Against EGMI - An investor in Electronic Game Card, Inc. (Public, OTC:EGMI) filed a lawsuit in United States District Court for the Central District of California on behalf of all persons who purchased or otherwise acquired securities of Electronic Game Card, Inc. (OTCBB.EGMI) between April 5, 2007 and February 19, 2010.
SouthWest Water Company Board Under Investigation - SouthWest Water Co. attempts to sell SouthWest Water Company (NASDAQ:SWWC) to institutional investors. SouthWest Water Company, located in Los Angeles, California, operates and maintains water and wastewater infrastructure.
Terra Industries Inc. Investor Files Lawsuit Against TRA Board of Directors - A lawsuit has been filed in Iowa State Court on behalf of current investors in Terra Industries Inc. (Public, NYSE:TRA), who purchased their TRA shares before February 15, 2010, over alleged breach of their fiduciary duties.
RiskMetrics Group, Inc. Board Under Shareholder Investigation - On March 10, 2010, RiskMetrics Group, Inc. (NYSE: RISK) and MSCI Inc. (NYSE: MXB) announced that they have entered into a definitive merger agreement whereby MSCI Inc. (“MSCI”) will acquire RiskMetrics Group, Inc. (“RiskMetrics”) in a cash and stock transaction valued at $21.75 per share based on MSCI’s closing price of $29.98 per share on Friday, February 26, 2010.
Smith International, Inc. Investor Files Lawsuit Over Alleged Breach of Fiduciary Duty - On Sunday, February 21, 2010 Smith International, Inc. (NYSE: SII) and Schlumberger Ltd (NYSE: SLB) announced a definitive merger agreement in which the companies would combine in a stock-for-stock transaction under which Smith International, Inc shareholders (SII) will receive 0.6966 shares of Schlumberger Ldt (SLB) in exchange for each Smith International (SII) share or based upon....
Bowne & Co., Inc. Board of Directors Subject of Investigation - According to one investigation by a law firm “the transaction appears to be unfair” to current investors of Bowne & Co., Inc. (NYSE:BNE) because the “offer to purchase Bowne & Co., Inc. (BNE) at a value of $11.50 per share appears opportunistically timed to take advantage of the current economic downturn” and is “grossly unfair, inadequate, and substantially below the fair or inherent value of BNE”.
CKE Restaurants, Inc. Board of Directors Subject of Investigation - According to one investigation by a law firm “the transaction appears to be unfair” to current investors of CKE Restaurants, Inc. (Public, NYSE:CKR) because the offer is “grossly unfair, inadequate, and substantially below the fair or inherent value of CKE”.