UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT
(Date of Earliest Event Reported): March 11, 1999
NATURADE, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE
(State or Other 33-7106-A 23-2442709
Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
7110 EAST JACKSON STREET
PARAMOUNT, CALIFORNIA 90723
(Address of Principal Executive Offices)
Registrant's Telephone Number,
Including Area Code: (562) 531-8120
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Item 5. OTHER EVENTS
On March 11, 1999, a civil judgment was entered against Naturade, Inc.,
(the "Registrant") for a total of $2,774,000 by the U.S. Bankruptcy Court for
the Northern District of Texas following a bench trial in a proceeding styled
Jeffrey H. Mims, Trustee v. Kennedy Capital Management, Inc., Anthony Roth,
David Wynne and Naturade, Inc., adversary no. 397-3452. As previously reported,
this proceeding was initiated by the Trustee in the Chapter 7 bankruptcy case of
Performance Nutrition, Inc. ("PNI"). The court's award was based on findings
against the Registrant of aiding and abetting a breach of fiduciary duty by PNI
management, conspiracy to breach fiduciary duty, tortious interference with
contract and unjust enrichment. The court also awarded the plaintiff
pre-judgment and post-judgment interest. The Registrant is studying the judgment
and is considering its options.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NATURADE, INC.
By: /s/ Bill D. Stewart
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Bill D. Stewart,
Chief Executive Officer
Dated: March 16, 1999
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