Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of all persons or entities who purchased the securities of Medifast, Inc. (“Medifast” or the “Company”) (NYSE:MED - News) between March 4, 2010 and March 10, 2011, inclusive (the “Class Period”). The class action lawsuit was filed in the United States District Court for the District of Maryland.

Medifast engages in the production, distribution and sale of weight management and disease management products, and other consumable health and diet products in the United States. The Complaint alleges that during the Class Period the Company and certain of its executive officers violated federal securities laws by issuing material misrepresentations to the market concerning Medifast’s business, operations and prospects, thereby artificially inflating the price of the Company’s securities.

On March 11, 2011, the Company announced a delay completing its consolidated financial statements for fiscal 2010 and filing its Annual Report on Form 10-K due to “additional time needed for the Company to review the recognition of certain expenses in prior periods.” Following this news, Medifast shares declined $5.27 per share from the previous day’s closing price, to close on March 11, 2011 at $16.63 per share on unusually heavy trading volume.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Medifast securities between March 4, 2010 and March 10, 2011, you have certain rights, and have until May 17, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at www.howardsmithlaw.com.