Vitacost.com, Inc. Announces Dismissal of Class Action Lawsuit
29 6월 2012 - 11:12PM
Vitacost.com, Inc. (Nasdaq:VITC), a leading online retailer of
health and wellness products, announced that on June 25, 2012, the
United States District Court for the Southern District of Florida
has entered a final judgment in favor of Vitacost.com, Inc. in the
punitive class action complaint captioned Miyahira v. Vitacost.com,
Inc., Ira P. Kerker, Richard P. Smith, Stewart Gitler, Allen S.
Josephs, David N. Ilfeld, Lawrence A. Pabst, Eran Ezra, and Robert
G. Trapp, Case 9:10-cv-80644-KLR. Plaintiffs have 30 days to file
an appeal.
"We are very pleased with the court's decision," stated Jeffrey
Horowitz, Vitacost.com's Chief Executive Officer. "The class
action lawsuit was first announced in May 2010 and we are glad to
now be putting this behind us as we continue to focus on executing
on our sales growth initiatives and managing the business for
long-term profitable growth."
About Vitacost.com, Inc.
Vitacost.com, Inc. (Nasdaq:VITC) is a leading online retailer of
health and wellness products, including dietary supplements such as
vitamins, minerals, herbs and other botanicals, amino acids and
metabolites, as well as cosmetics, organic body and personal care
products, pet products, sports nutrition and health foods.
Vitacost.com, Inc. sells these products directly to consumers
through its website, www.vitacost.com. Vitacost.com, Inc. strives
to offer its customers the broadest selection of healthy living
products, while providing superior customer service and timely and
accurate delivery.
CONTACT: Investor Contact:
Vitacost.com
Kathleen Reed
Director of Investor Relations
561.982.4180
ICR, Inc.
John Mills
Senior Managing Director
310.954.1105
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