Dallas Morning New:
A class action
lawsuit initially filed in New Mexico against nutritional supplement
maker Mannatech Inc., has been moved to Dallas, the company said in a
regulatory filing Friday.
The lawsuit accuses the Coppell-based
company of violating U.S. securities law by "artificially inflating the
value of our common stock by knowingly allowing independent contractors
to recklessly misrepresent the efficacy of our products," the company
said in the filing with the Securities and Exchange Commission. The
suit is a combination of three cases originally filed in 2005.At Mannatech’s request, the case was moved to the U.S. District Court for the Northern District of Texas in Dallas.
"It
makes more sense for the purposes of judicial economy for it to be"
closer to the company’s home base, said an attorney familiar with the
case who asked not to be named.
