Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Nu
Skin Enterprises, Inc.
BENSALEM, Pa. -- February 13, 2014
Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the District of Utah on behalf
of a class (the “Class”) comprising all purchasers of the common stock of Nu
Skin Enterprises, Inc. (“Nu Skin” or the “Company”) (NYSE:NUS) between October
25, 2011 and January 15, 2014, inclusive (the “Class Period”).
Nu Skin develops and distributes anti-aging personal care products and
nutritional supplements worldwide under the Nu Skin and Pharmanex brands. The
Complaint alleges that the Company and certain of its executive officers
misrepresented or failed to disclose that the Company’s business practices in
China operated as an illegal pyramid scheme and did not comply with local laws
and regulations, and the Company’s rapid growth and revenue increase could not
continue without its China business.
On January 15, 2014, China’s Communist Party newspaper, The People's Daily,
alleged that Nu Skin had been misrepresenting its influence and
creditworthiness in Company brochures, and passing advertisements as news
reports. The newspaper subsequently alleged that the Company was suspected of
conducting illegal multi-level marketing activities in China. Following this
news, on January 15, 2014, the price of Nu Skin shares dropped $21.24 per
share, on heavy trading volume, to a closing price of $115.23 per share.
If you are a member of the Class described above, you may move the Court no
later than March 24, 2014, to serve as lead plaintiff; however, you must meet
certain legal requirements. To be a member of the Class you need not take any
action at this time; you may retain counsel of your choice or take no action
and remain an absent member of the Class. If have any questions concerning
this Notice or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
email@example.com, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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