Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Aeropostale, Inc.
(firmenpresse) - ATLANTA, GA -- (Marketwire) -- 10/20/11 -- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Aeropostale, Inc ("Aeropostale" or the "Company") (NYSE: ARO) common stock who purchased shares between February 3, 2011 and August 3, 2011, inclusive (the "Class Period"). The lawsuit alleges that Aeropostale knew but failed to timely disclose that it was experiencing declining demand for its women's fashion division, which accounts for up to 70% of the Company's sales. The lawsuit further alleges that the Company concealed information relating to pressure it faced on its profit margins as a result of increasing inventory and higher discounts on its clothing.
If you purchased Aeropostale common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than December 12, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are an Aeropostale investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at , or , or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm.
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Datum: 20.10.2011 - 15:06 Uhr
Sprache: Deutsch
News-ID 78556
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