Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Nu Skin Enterprises, Inc.
(“Nu Skin” or the “Company”) (NYSE:NUS) concerning possible violations
of federal securities laws. The investigation focuses on the Company’s
operations and financial prospects.
Nu Skin develops and distributes anti-aging personal care products and
nutritional supplements worldwide under the Nu Skin and Pharmanex
brands. The investigation is related to allegations that the Company
distributes false information and conducts illegal business in China. An
article published January 15, 2014, in China’s Communist Party
newspaper, The People's Daily, alleged that Nu Skin had been
misrepresenting its influence and creditworthiness in Company brochures
and through advertisements disguised 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. On January 16, 2014, China’s state news agency,
Xinhua, said China's State Administration for Industry and Commerce had
ordered local authorities to investigate the recent media reports about
Nu Skin.
If you purchased Nu Skin shares, if you have information or would like
to learn more about these claims, or if you have any questions
concerning this announcement 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 howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2014