Published:
Izard Nobel LLP Announces Class Action Lawsuit Against Limited Brands, Inc.
The law firm of Izard Nobel LLP, which
has significant experience representing investors in prosecuting claims of
securities fraud, announces that a lawsuit seeking class action status has
been filed in the United States District Court for the Southern District of
Ohio on behalf of those who purchased the common stock of Limited Brands,
Inc. ("Limited Brands" or the "Company") (NYSE: LTD) between August 22,
2007 and February 28, 2008 (the "Class Period").
The Complaint charges that Limited Brands, a specialty retailer of women's
apparel, beauty products and accessories, and certain of its officers and
directors violated federal securities laws. Specifically, defendants made
numerous positive statements regarding the Company's financial condition,
business and prospects. The Complaint further alleges that these statements
were materially false and misleading when made because defendants failed to
disclose adverse events surrounding the development of a new warehouse and
certain technology.
On February 27, 2008, Limited Brands issued a press release reporting
fourth quarter and full year 2007 earnings. This press release
significantly lowered the Company's previously issued guidance for 2008.
In response to the announcement, the price of Limited Brands common stock
fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008.
If you are a member of the class, you may, no later than January 6, 2010,
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/limitedbrands/, or contact Izard Nobel LLP toll-free:
(800) 797-5499, or by e-mail: firm@izardnobel.com. For more information
about class action cases in general, please visit our website:
www.izardnobel.com.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
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