From the Wires
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing in Blyth, Inc. to Contact the Firm
By: PR Newswire
Nov. 17, 2012 09:10 AM
NEW YORK, Nov. 17, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Blyth, Inc. ("Blyth" or the "Company") (NYSE: BTH).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: the viability of a weight loss business Blyth has a controlling interest in, ViSalus, Inc., was being overstated, masking declining performance in the Company's other operating units and product lines.
On September 21, 2012 Moody's Investors Services cut its outlook for the Company. The market then began to learn through a series of partial disclosures ending on November 6, 2012, that the Company's financial soundness and business metrics were not as positive as they had been represented earlier in the year. The subsequent decline in Blyth's stock price caused the loss of more than $462 million in the Company's market capitalization value.
Request more information now by clicking here: www.faruqilaw.com/BTH. There is no cost or obligation to you.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
SOURCE Faruqi & Faruqi, LLP
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