NEW YORK, Feb. 6, 2020 /PRNewswire/ -- WeissLaw LLP, a
national class action and shareholders' rights law firm with
offices in New York, California and Georgia, announces an investigation of L
Brands, Inc. (NYSE: LB) ("L Brands," or the "Company").
If you own LB shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, visit our website:
http:www.weisslawllp.com/l-brands-inc/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
The investigation focuses on possible breaches of fiduciary duty
and violations of federal securities laws by the L Brands Board of
Directors for the alleged dissemination of materially false and
misleading information in connection with the Company's
operations. Specifically, L Brands has come under increased
scrutiny due to a recent New York
Times article which exposed a "culture of misogyny" and
sexual misconduct at Victoria's Secret, one of the Company's most
prominent brands. According to the article, L Brands has
failed to conduct investigations into complaints of sexual
harassment and gender discrimination. The article also
alleged that one complainant faced retaliation when following her
claims, her access to the building where the Company offices where
located was terminated, effectively locking her out of the
Company's corporate offices.
Additionally, the financial entanglements between the Company's
founder & CEO, Leslie Wexner and
Jeffrey Epstein have also raised
questions. Notably, ABC News has found that Epstein was the
trustee of dozens of charitable trusts connected to Wexner, from
which Epstein then liquidated large amounts of L Brands stock to
purchase planes, mansions, and a private island.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP