NEW YORK, April 9, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and the enforcement of federal antitrust laws, is investigating potential wrongdoing at Blyth Inc. ("Blyth" or the "Company") (NYSE: BTH). The investigation focuses on whether certain executive officers and directors of Blyth breached their fiduciary duties by issuing false and misleading statements that failed 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. Shareholders interested in seeking to recover damages on behalf of Blyth and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
Request more information now by clicking here: www.faruqilaw.com/Blyth.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and derivative litigation. The firm is focused on providing exemplary legal services in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you hold BTH shares and you would like to discuss your legal rights, visit www.faruqilaw.com/Blyth. You can also contact us by calling Michael J. Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to firstname.lastname@example.org.
Faruqi & Faruqi, LLP
Michael J. Hynes, Esq.
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Jenkintown, PA 19046
Telephone: (877) 247-4292 or (215) 277-5770
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