NEW ORLEANS, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 24, 2014 to file lead plaintiff applications in a securities class action lawsuit against Nu Skin Enterprises Inc. (NYSE:NUS), if they purchased the Company's securities during the period between July 10, 2013 and January 14, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Utah.
What You May Do
If you purchased shares of Nu Skin and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 24, 2014.
About the Lawsuit
Nu Skin and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
On January 15, 2014, an article in Chinese newspaper The People's Daily alleged that Nu Skin had been misrepresenting its influence and creditworthiness in brochures and through advertisements disguised as news reports. The article also alleged that the Company was suspected of conducting illegal multi-level marketing activities in China. The next day, it was announced that two Chinese agencies had ordered local authorities to investigate the media reports.
On this news, the price of Nu Skin shares plummeted—from $136.47 on January 14 to $77.39 on January 20, 2014.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
