Vitacost.com, Inc. (VITC: Quote), an online retailer of health and wellness products, said Friday that the United States District Court for the Southern District of Florida has entered a final judgment in favor of the company 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," said 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."
Click here to receive FREE breaking news email alerts for Vitacost.com and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com