|[January 16, 2014]
NU SKIN INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Nu Skin Enterprises Inc. Following Allegations of Illegal Activity, Analysts Downgrades and Insider Sales
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Nu Skin Enterprises Inc.
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 China's State Administration for
Industry and Commerce had ordered local authorities to investigate the
On this news, Nu Skin was downgraded by multiple analysts, and the price
of its shares plummeted-from $136.47 on January 14 to $4.80 on January
In conducting our investigation, it comes to the attention of KSF that
Company insiders sold over $49 million of their personally-held stock
during the relevant period and before the Company's illegal activities
KSF's investigation is focusing on whether Nu Skin and/or its officers
and directors violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or
would like to discuss your legal rights, you may, without obligation or
cost to you, e-mail or call KSF Managing Partner Lewis Kahn (firstname.lastname@example.org)
or KSF Partner Melinda Nicholson (email@example.com)
toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York and
Louisiana. KSF's lawyers have significant experience litigating complex
securities class actions nationwide on behalf of both institutional and
To learn more about KSF, you may visit www.ksfcounsel.com.
[ Back To Technology News's Homepage ]