Shares In MLM Company USANA Hit By Lawsuits

Shares of Usana Health Sciences Inc. dropped Friday after several law firms announced purported class action suits Thursday, alleging the maker of nutritional and skin care products violated federal securities law.

Usana shares fell $4.26, or 8.5 percent, to $46.13 in afternoon trading on the Nasdaq Stock Market at more than double their average volume. Over the past year, shares climbed from a low of $35.06 in July to reach a high of $61.80 in mid-February.