WEST HARTFORD, CT--(Marketwire - Nov 14, 2012) - Izard Nobel LLP, a class action law firm based in West Hartford, Connecticut, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Connecticut on behalf of purchasers of the common stock of Blyth, Inc. ("Blyth" or the "Company") (NYSE: BTH) between March 14, 2012 and November 6, 2012, inclusive (the "Class Period").
The Complaint alleges that Blyth and certain of its officers and directors violated the federal securities laws. Specifically, the Complaint alleges that defendants made false or misleading statements about sales and prospects of ViSalus, Inc, which Blyth owns a controlling interest in. As the true facts concerning ViSalus became known to the market, beginning in September of 2012 and culminating in further revelations on November 2, 2012 and November 6, 2012, the Company's stock price plummeted, losing more than $462 million in market capitalization.
If you are a member of the class, you may, no later than January 14, 2013, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/blyth/, or contact Izard Nobel LLP toll-free: (800)797-5499, or by e-mail: firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.izardnobel.com.