Bragar Eagel & Squire, PC Announces That a Class Action Lawsuit Has Been Filed Against USANA Health Sciences … – Business Wire (press release)

NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C. proclaims that a class motion lawsuit has
been filed within the U.S. District Court for the District of Utah on behalf
of all individuals or entities who bought or in any other case acquired USANA
Health Sciences, Inc. (NYSE:USNA) securities between March 14, 2014 and
February 7, 2017 (the “Class Period”). Investors have till April 14,
2017 to use to the Court to be appointed as lead plaintiff within the
lawsuit.

USANA Health Sciences, Inc. develops, manufactures, and sells
science-based mostly dietary and private care merchandise to scale back the danger
of persistent degenerative illness.

The Complaint alleges that all through the Class Period, Defendants made
false and/or deceptive statements and/or did not disclose that: (i)
the Company’s BabyCare subsidiary had engaged in improper reimbursement
practices in China; (ii) these practices constituted violations of the
Foreign Corrupt Practices Act of 1977 (the “FCPA”); (iii) as such, the
Company’s China revenues have been partially the product of illegal conduct
and unsustainable; and (iv) the foregoing conduct, when it turned recognized,
was more likely to topic the Company to vital regulatory scrutiny. As
a results of the foregoing, USANA’s public statements have been materially
false and deceptive all through the Class Period.

On February 7, 2017, submit-market, USANA disclosed that the Company is
“voluntarily conducting an inner investigation of its China
operations, BabyCare Ltd. The investigation focuses on compliance with
the Foreign Corrupt Practices Act . . . and sure conduct and insurance policies
at BabyCare, together with BabyCare’s expense reimbursement insurance policies.”

Following this information, USANA shares declined $7.25 per share, or over
11.5%, on February eight, 2017 to shut at $55.40.

If you bought or in any other case acquired USANA securities through the Class
Period and suffered a loss or proceed to carry shares bought previous to
the Class Period, have info, want to study extra about these
claims, or have any questions regarding this announcement or your
rights or pursuits with respect to those issues, please contact J.
Brandon Walker, Esq. by e mail at investigations@bespc.com,
or phone at (212) 355-4648, or by filling
out this contact form. There is not any value or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law agency concentrating
in business and securities litigation. For further info
in regards to the USANA lawsuit, please go to www.bespc.com/usna.
For further details about Bragar Eagel & Squire, P.C., please go
to www.bespc.com.

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