Press release from Business Wire
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Nu Skin Enterprises, Inc.
Friday, January 24, 2014
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Nu Skin Enterprises, Inc.21:32 EST Friday, January 24, 2014
LOS ANGELES (Business Wire) -- Glancy Binkow & Goldberg LLP 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 July 10, 2013 and January 14, 2014, inclusive (the “Class Period”).
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
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 made material misstatements or failed to disclose material facts, throughout the Class Period, concerning Nu Skin's business, operations and financial prospects. Specifically, defendants 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.
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 or you may retain counsel of your choice. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Glancy Binkow & Goldberg LLP, Los Angeles, CA
Glancy Binkow & Goldberg LLP, New York, NY
(212) 682-5340 or (888) 773-9224