NBTYShareholders File Securities Fraud Class Action Lawsuit AgainstNBTY For Alleged Failure to Disclose Private Label Info
A securities fraud class action lawsuit was filed against NBTY, Inc. in the U.S. District Court for the Eastern District of New York (styled John F. Hutchins v. NBTY, Inc., Scott Rudolph and Harvey Kamil, Case No. 2:10-cv-02159-LDW -WDW) on behalf of purchasers of NBTY (NTY) common stock during the period between November 9, 2009 and April 26, 2010, inclusive (the “Class Period”), alleging that NBTY violated federal securities fraud laws by, among other things, failing to disclose that NBTY was experiencing a significant disruption in its private label business and a related decrease in demand for its private label products and that NBTY’s advertising costs were escalating far in excess of internal forecasts, according to securities class action lawsuit news reports.
For more information on the NBTY securities fraud class action lawsuit filing, read the NBTY (NTY) securities fraud class action complaint.
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