San Diego, CA -- (SBWIRE) -- 10/16/2012 -- An investigation on behalf of investors of Blyth, Inc. (NYSE:BTH) shares over potential securities laws violations by Blyth, Inc. and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Blyth, Inc. (NYSE:BTH), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Blyth, Inc. (NYSE:BTH) concerning whether a series of statements by Blyth, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Blyth, Inc. (NYSE:BTH) reported that its Total Revenue rose from $796.60 million for the 12 months period that ended on January 31, 2011 to $888.33 million for the 12 months period that ended on December 31, 2011. However, its Net Income declined over the same time periods from $28.03 million to $22.57 million.
On August 3, 2012, Blyth, Inc. (NYSE:BTH) increased its 2012 Earnings guidance.
Then on August 16, 2012, ) Blyth, Inc. (NYSE:BTH) 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) increased from $33.47 per share on August 2, 2012 to as high as $45.57 per share on August 20, 2012.
Then on September 26, 2012, ViSalus, a subsidiary of Blyth, Inc. (NYSE:BTH), withdrew its initial public offering due to uncertain market conditions.
Shares of Blyth, Inc. (NYSE:BTH) fell from over $45 in August to as low as $24.51 per share on September 27, 2012.
On October 15, 2012, NYSE:BTH shares closed at $26.96 per share.
Those who purchased shares of Blyth, Inc. (NYSE:BTH) and currently hold those Blyth, Inc. shares, have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego