Mannatech to Pay 11.25 Million to Settle Suit
The litigation is the consolidation of three securities class action complaints filed against Mannatech and certain of its officers and directors in August and September 2005. The settlement class consists of the purchasers of Mannatech stock during the period August 10, 2004 through July 30, 2007.
Without admitting any liability or wrongdoing of any kind, the company has agreed to authorize payment to the plaintiff class of $11.25 million. This settlement payment would be funded by both the company's insurer and the company itself.
Related News
-
Mannatech Promotes Two Members of Executive Team
January 15, 2018 COPPELL, Texas--Mannatech, Incorporated promoted and added new responsibilities to a pair of senior members of its executive team, Landen Fredrick and Joel Bikman.Fredrick, previously the Senior Vice President of Global Operations, was promoted to Chief Global Sales Officer ... Read More...
Mannatech Offers 10K Prize for Fat Loss Challenge Winner
COPPELL, Texas--Mannatech, Incorporated, a global health and wellness company committed to transforming lives to make a better world, will provide a $10,000 cash Grand Prize to its "Most Transformed" contestant in this year's Transformation Challenge.More than a simple weight-loss challenge,... Read More...
Mannatech Creates Global Scientific Advisory Board
April 28, 2016 -- Texas-based Mannatech, a global health and wellness company, has assembled a global scientific advisory board to provide support for the development and review of its products.The firm has appointed nine third-party scientists to the advisory board who will be tasked with d... Read More...
Mannatech Million Dollar Club Grows to 200 Associates
COPPELL, Texas, Jul 16, 2015 -- Mannatech, Incorporated, the founder of the M5MSM (Mission 5 MillionSM) social entrepreneurial movement, and pioneer of nutritional glycobiology-based supplements and skincare, has announced its Million Dollar Club has grown to 200 individuals.* The Mannatech Million ... Read More...
