NEW YORK, Nov. 16, 2012 (GLOBE NEWSWIRE) -- Gainey & McKenna announces that a class action lawsuit has been filed in the United States District Court for the District of Connecticut, on behalf of investors who purchased the securities of Blyth, Inc. ("Blyth" or the "Company") (NYSE:BTH) between March 14, 2012 and November 6, 2012, inclusive (the "Class Period"). The action is brought against Blyth and certain of its officers and directors for violations of the Securities Exchange Act of 1934.
The Complaint alleges that Defendants made false or misleading statements about sales and prospects of ViSalus, Inc., in which Blyth owns a controlling interest. As the true facts concerning ViSalus became known to the market, the Company's stock price plummeted, losing more than $462 million in market capitalization.
If you wish to serve as lead plaintiff, you must move the Court no later than January 14, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. of Gainey & McKenna at (212) 983-1300, or via e-mail at firstname.lastname@example.org.
While Gainey & McKenna did not file the Complaint in this matter, the firm, with offices in New York and New Jersey, regularly prosecutes cases on behalf of shareholders in state and federal courts throughout the United States.
CONTACT: Thomas J. McKenna, Esq. Gainey & McKenna (212) 983-1300 email@example.comSource: Gainey & McKenna