Securities Claims Against Chinese E-Commerce Company Dismissed

(January 9, 2020, 1:21 PM EST) -- LOS ANGELES — A federal judge in California on Dec. 20 ruled that the lead plaintiff in a securities class action lawsuit against a Chinese e-commerce company and certain of its senior executives failed to sufficiently plead that the defendants issued any material misrepresentations or omissions in violation of federal securities laws concealing that the company was operating an illegal pyramid scheme (Daniel Kaufman v. Natural Health Trends Corp., et al., No. 19-163, C.D. Calif., 2019 U.S. Dist. LEXIS 222672)....