SAN DIEGO, Feb. 11, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Nu Skin Enterprises, Inc. (NUS) common stock over alleged violations of Federal Securities Laws by Nu Skin Enterprises, Inc. in connection with certain allegedly false and misleading statements made between July 10, 2013 and January 14, 2014.
If you purchased a significant amount of shares of Nu Skin Enterprises, Inc. (NUS) between July 10, 2013 and January 14, 2014, and / or if you purchased Nu Skin Enterprises shares prior to July 2013 and currently hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: March 24, 2014. Nu Skin Enterprises investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges 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.
On January 15, 2014 a report in the People's Daily, a Chinese newspaper, criticized certain business practices of Nu Skin Enterprises, Inc. The report alleged that Nu Skin Enterprises, Inc. was a "suspected illegal pyramid scheme".
On January 16, 2014, China's news agency Zinhau reportedly said that China's State Administration for Industry and Commerce ordered local authorities to investigate media reports that allege Nu Skin Enterprises, Inc. distributes false information and conducts illegal business in China.
Shares of Nu Skin Enterprises, Inc. declined from $136.47 per share on January 14, 2014 to as low as $70.04 per share on February 6, 2014.
Those who purchased shares of Nu Skin Enterprises, Inc. have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.