Faruqi & Faruqi, LLP, Announces Final Court Approval Of Shareholder Derivative Action Settlement On Behalf Of Natural Health Trends Corporation And Its Shareholders

On July 16, 2018, the Honorable Terry J. Hatter, Jr., United States District Court of the Central District of California, granted final approval of the proposed settlement of the derivative action.  Faruqi & Faruqi represented the shareholders of Natural Health Trends Corporation (“NHTC” or the “Company”). The settlement provides for corporate governance reforms, including extensive amendments to the Company’s Audit Committee Charter and retention of an outside vendor for NHTC’s internal whistleblower program. The Court commended the parties’ counsel for their professionalism during the course of the litigation.  Stuart J. Guber was lead attorney for F&F.