29 January 2008

Mannatech Says It Has Not Settled Any Shareholder Litigation

Trading Markets:
"Mannatech Inc. on Monday issued a correction regarding a statement made in a published article which stated that on January 9, 2008 the company had reached a settlement in a lawsuit filed by shareholders. In controversy, the joint court filing stated that negotiations are continuing but a final settlement has not been completed.

Accordingly, the company affirmed that it has not settled any shareholder litigation at this time, but its counsel is involved in ongoing settlement communications with plaintiffs' counsel in the various pending suits."

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