Shalov Stone Bonner & Rocco LLP Announces Class Action Against Limited Brands, Inc.
20 November 2009 - 8:03AM
Marketwired
Shalov Stone Bonner & Rocco LLP announces that a class action
lawsuit has been filed on behalf of all persons who purchased the
common stock of Limited Brands, Inc. ("Limited Brands" or the
"Company") (NYSE: LTD) between August 22, 2007 and February 28,
2008, inclusive (the "Class Period"). The lawsuit is pending in the
United States District Court for the Southern District of Ohio
against Limited Brands and certain of its officers and directors.
The complaint alleges that during the Class Period defendants
made false and misleading statements concerning Limited Brands'
financial condition, business and prospects. Defendants' statements
were false and misleading because they misrepresented and/or failed
to disclose adverse events regarding the development of a new
warehouse and certain technology, and their likely adverse impact
on the Company's financial results.
According to the complaint, on February 27, 2008, the Company
issued a press release announcing its earnings for fourth quarter
and full year 2007. This press release substantially lowered
Limited Brands' previously issued guidance for 2008. On this news,
Limited Brands' common stock fell from $17.82 on February 27, 2008
to $15.85 on February 28, 2008 on heavy trading volume.
Shalov Stone Bonner & Rocco LLP has extensive experience in
the prosecution of lawsuits on behalf of investors. For more
information about the firm, please visit its website at:
www.lawssb.com
If you purchased Limited Brands common stock and would like
additional information about your rights, please contact investor
rights attorney Amanda C. Scuder, at Shalov Stone Bonner &
Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018
(telephone: (212) 239-4340; email: ascuder@lawssb.com).
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT: Amanda C. Scuder - Attorney SHALOV STONE BONNER &
ROCCO LLP Telephone: (212) 239-4340 Facsimile: (212) 239-4310
Email: Email Contact http://www.lawssb.com
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