A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Nu Skin Enterprises Inc (NYSE:NUS) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on October 6, 2016 and NYSE:NUS investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/04/2016 -- A deadline is coming up on October 6, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Nu Skin Enterprises Inc (NYSE:NUS) between May 4, 2011 and January 17, 2014.
Investors who purchased a significant amount of shares of Nu Skin Enterprises Inc (NYSE:NUS) between May 4, 2011 and January 17, 2014, have certain options and should contact the Shareholders Foundation by email at firstname.lastname@example.org or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Nu Skin Enterprises Inc (NYSE:NUS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/nu-skin-enterprises-inc-nysenus-investor-securities-class-action-lawsuit-01212014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is October 6, 2016. The class action administrator for this case is A.B. Data Ltd.
The lawsuit was originally filed in the U.S. District Court for the District of Utah against Nu Skin Enterprises over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between July 10, 2013 and January 14, 2014.
According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of Nu Skin Enterprises Inc (NYSE: NUS) between July 10, 2013 and January 14, 2014, that Nu Skin Enterprises Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by allegedly issuing a series of allegedly false and misleading statements concerning the Company's business practices and growth prospects, particularly with respect to its Mainland China operations, upon which Nu Skin Enterprises Inc has become very dependent for a very significant amount of its revenue and growth.
More specifically, the plaintiff claims that while Nu Skin Enterprises, Inc allegedly issued public statements discussing its positive results and increased guidance, Nu Skin Enterprises Inc failed to disclose what are alleged to be fraudulent sales practices and non-compliance with laws and regulations in China, or their potential impact on Nu Skin Enterprises Inc.
Those who purchased shares of Nu Skin Enterprises Inc have certain options and should contact the Shareholders Foundation.
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