Court Tosses Out Hansen Options Suit

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Hansen Natural Corp. said in a regulatory filing Tuesday that a court dismissed a federal class-action suit alleging the company illegally backdated stock options issued to senior executives.


The filing said a U.S. District Court in California found the complaint failed to adequately plead any violations of the federal securities laws.


The SEC closed its informal inquiry into the Corona-based drink maker’s options granting practices in August, saying it found no wrong doing.


Shares in Hansen closed up 1.7 percent, or $2.47, or 4.1 percent, to $62.11 in trading on the New York Stock Exchange Tuesday.

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