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Jan. 25, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Nu Skin Enterprises, Inc. ("Nu Skin" or the "Company") (NYSE: NUS) of the
March 24, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Nu Skin, and certain executives.
A complaint has been filed on behalf of all persons who purchased or otherwise acquired Nu Skin securities between
October 25, 2011 and
January 15, 2014, inclusive (the "Class Period") in the District of
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that throughout the Class Period the Company and senior executives made a series of false and misleading statements concerning pyramid selling schemes the Company had engaged in in its Mainland China operations.
January 15, 2014, a leading Chinese newspaper issued an investigative story suggesting that Nu Skin is an illegal pyramid scheme in
China and utilizes unlawful and immoral business practices violating Chinese law. Following this news, the Company's stock declined an additional
$21.24 per share, or over 15%, to close at
$115.23 per share on
January 15, 2014 on heavy volume.
January 16, 2014, the Company disclosed that Chinese government regulators were investigating its business practices.
Request more information now by clicking here: www.faruqilaw.com/NUSKIN. There is no cost or obligation to you.Take Action
If you invested in Nu Skin stock, bonds or options between
October 25, 2011 and
January 15, 2014 and would like to discuss your legal rights, visit
www.faruqilaw.com/NUSKIN. You can also contact us by calling
Richard Gonnello or
Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Nu Skin's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at
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