NEW YORK, Nov. 17, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Blyth, Inc. ("Blyth" or the "Company") (NYSE: BTH).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: the viability of a weight loss business Blyth has a controlling interest in, ViSalus, Inc., was being overstated, masking declining performance in the Company's other operating units and product lines.
On September 21, 2012 Moody's Investors Services cut its outlook for the Company. The market then began to learn through a series of partial disclosures ending on November 6, 2012, that the Company's financial soundness and business metrics were not as positive as they had been represented earlier in the year. The subsequent decline in Blyth's stock price caused the loss of more than $462 million in the Company's market capitalization value.
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If you purchased Blyth stock or options between March 14, 2012 and November 6, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/BTH. 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 firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Blyth's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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