Blyth – ViSalus Announces Dismissal Of Shareholder Class Action Lawsuit

 

Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles and accessories for the home, as well as health & wellness products sold through the direct selling and direct marketing channels, today announced that the United States District Court for the District of Connecticut granted the defendants' motion to dismiss the federal securities class action lawsuit that had been pending against Blyth and others.

The class action was initially filed in November 2012 against Blyth, certain of our officers, ViSalus and one of its founders on behalf of a purported class of investors who purchased Blyth common stock between March and November 2012. 

The District Court dismissed the complaint on March 31, 2014, entering judgment for the defendants. The plaintiffs have the ability to appeal the Court's decision.