A lawsuit was filed for certain investors in shares of Blyth, Inc. (NYSE:BTH) shares over alleged securities laws violations. Deadline January 14, 2013 and NYSE:BTH investors should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 12/03/2012 -- An investor in NYSE:BTH shares filed a lawsuit over alleged violations of Federal Securities Laws by Blyth, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Blyth, Inc. (NYSE:BTH), have certain options and for certain NYSE:BTH investors are short and strict deadlines running. Deadline: January 14, 2013. NYSE:BTH investors should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint filed in the U.S District Court for the District of Connecticut the plaintiff alleges that Blyth, Inc. and certain of its officers and directors violated that Securities Exchange Act of 1934 by issuing between March 14, 2012 and November 6, 2012 allegedly materially false and misleading statements regarding the Company's financial performance and future prospects. The lawsuit was filed on behalf of purchasers of Blyth, Inc. (NYSE:BTH) common stock during the period between March 14, 2012 and November 6, 2012.
Specifically, the plaintiff alleges that the nature and ongoing viability of the strong results being reported for ViSalus, Inc., a multilevel weight loss marketing company Blyth, Inc. owns a controlling interest in, were allegedly being overstated, and that this was masking declining performance in Blyth’s other operating units and product lines.
On August 3, 2012, Blyth, Inc. increased its 2012 Earnings guidance and on August 16, 2012, Blyth, Inc. announced that ViSalus has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a potential initial public offering (“IPO”) of its Class A common stock. Blyth, Inc. said that following the IPO, Blyth will continue to own over 50% of ViSalus' common stock.
Shares of Blyth, Inc. (NYSE:BTH) rose to as high as $45.57 per share on August 20, 2012.
Then on September 26, 2012, ViSalus withdrew its IPO due to uncertain market conditions.
Shares of Blyth, Inc. (NYSE:BTH) fell from over $45 in August to as low as $15.35 on November 23, 2012.
On Nov. 30, 2012, NYSE:BTH shares closed at $16.12 per share.
Those who purchased shares of Blyth, Inc. (NYSE:BTH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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