Press release from Business Wire
Francesca's Shareholder Alert by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Francesca's Holding Corporation
Saturday, September 28, 2013
Francesca's Shareholder Alert by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Francesca's Holding Corporation22:00 EDT Saturday, September 28, 2013
NEW ORLEANS (Business Wire) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 26, 2013 to file lead plaintiff applications in a securities class action lawsuit against Francesca's Holding Corporation (Nasdaq: FRAN), if they purchased the Company's securities during the period between March 20, 2013 and September 3, 2013, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Francesca's and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (email@example.com) or KSF Partner Melinda Nicholson (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 26, 2013.
About the Lawsuit
Francesca's and certain of its executives are charged with issuing a series of materially false and misleading statements about the Company's business and prospects during the Class Period, violating federal securities laws.
The complaint alleges that, during the Class Period, defendants failed to disclose several adverse facts, including, but not limited to, the fact that: (i) spring and summer weather and a competitive back-to-school retail environment weighed on same-store sales growth; (ii) same-store sales were declining; and (iii) the Company was not on track to achieve the financial results defendants had led the market to expect.
On September 4, 2013, Francesca's announced its second quarter 2013 financial results and third quarter 2013 guidance. Thereafter, the price of Francesca's common stock fell precipitously.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
Melinda Nicholson, Partner