Scott+Scott LLP Files Class Action Lawsuit against Hansen Natural Corporation On Behalf of Investors -- HANS


NEW YORK, Sept. 17, 2008 (GLOBE NEWSWIRE) -- On September 17, 2008, Scott+Scott LLP filed a class action against Hansen Natural Corporation ("Hansen Natural" or the "Company") (NYSE:HANS) and certain officers and directors in the U.S. District Court for the Central District of California. The action is on behalf of those purchasing Hansen Natural common stock during the period beginning May 23, 2007 and through November 23, 2007, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company's business operations and that, as a result, the price of the Company's shares was inflated during the Class Period, thereby harming investors.

If you purchased Hansen Natural common stock during the Class Period and wish to serve as a lead plaintiff in the action, you must move the Court no later than November 10, 2008. Any member of the investor class may move the Court to serve as lead plaintiff through counsel of its choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott (scottlaw@scott-scott.com, (800) 404-7770, (860) 537-5537 or visit the Scott+Scott website, http://www.scott-scott.com) for more information. There is no cost or fee to you.

According to the complaint, during the Class Period, Hansen Natural issued materially false and misleading statements regarding the Company's beverage sales and financial results. Among other things, Defendants concealed that the Company's second quarter 2007 sales results were materially impacted by inventory loading as Hansen Natural's customers were induced by the Company to purchase more product before the Company raised its prices in certain beverage lines. As a result of defendants' false statements and omissions during the Class Period, Hansen Natural common shares traded at artificially inflated prices.

In November 2007, the Company stunned investors when it reported surprising third quarter financial results. For the quarter, the Company reported lower than expected revenue growth and decreasing profit margins. In addition, Defendants revealed that the Company had seen declining sales in its non-core drink lines. Following these announcements, 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.

Scott+Scott has substantial experience prosecuting major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals and other entities worldwide.

More information on this and other class actions can be found on the Class Action Newsline at http://www.globenewswire.com/ca/



            

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