Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased Aeropostale, Inc. Common Stock between 2/3/11 and 8/3/11; Announces Investor Deadline (ARO)
(firmenpresse) - DENVER, CO -- (Marketwire) -- 10/12/11 -- Dyer & Berens LLP () today announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Aeropostale, Inc. (the "Company") (NYSE: ARO) between February 3, 2011 and August 3, 2011, inclusive (the "Class Period").
If you purchased shares during the Class Period and wish to serve as a lead plaintiff, you must request an appointment by the court no later than . If you would like to discuss this action, the lead plaintiff process, or have any questions concerning this notice, please contact plaintiff's counsel, Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at . Any member of the putative class may request a lead plaintiff appointment through counsel of its choice or may choose to do nothing and remain an absent class member.
The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that Aeropostale was experiencing declining demand for its women's fashion division, which makes up 70% of the Company's sales; (ii) that Aeropostale was enduring pressure on its profit margins as a result of increasing inventory and higher discounts on its clothing; and (iii) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Based upon the foregoing, the complaint charges the Company and certain of its officers with violations of the Securities Exchange Act of 1934.
The plaintiff is represented by Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors.
Contact:
Jeffrey A. Berens
Dyer & Berens LLP
303 East 17th Avenue, Suite 300
Denver, CO 80203
Tel: (888) 300-3362 x302
Email:
Website:
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Datum: 12.10.2011 - 20:35 Uhr
Sprache: Deutsch
News-ID 75557
Anzahl Zeichen: 0
contact information:
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DENVER, CO
Kategorie:
Legal
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