A lawsuit against Hansen Natural, which claimed that the soft drinks company backdated stock options, has been dismissed.

The US firm said yesterday (23 October) that consolidated federal class-action suits against it have been dismissed. The US District Court for the Central District of California granted Hansen's motion to dismiss the complaint, finding that the complaint failed to adequately plead any violations of federal securities laws.

Hansen has had a lively time of late. In August, the US Securities and Exchange Commission closed its investigation into Hansen's historical stock option granting practices. In June, meanwhile, Hansen was told it could trade on the Nasdaq once more, having previously delayed filing financial reports.

In March, a special committee of Hansen directors completed over four months of investigations into the company's stock option practices and found "no willful or intentional misconduct".