Press release from Business Wire
SHAREHOLDER ALERT: Brower Piven Announces an Investigation of Urban Outfitters Inc. for Potential Violations of the Federal Securities Laws
Wednesday, October 02, 2013
SHAREHOLDER ALERT: Brower Piven Announces an Investigation of Urban Outfitters Inc. for Potential Violations of the Federal Securities Laws14:24 EDT Wednesday, October 02, 2013
STEVENSON, Md. (Business Wire) -- Brower Piven, A Professional Corporation, has commenced an investigation of potential securities law violations by Urban Outfitters Inc. (“Urban Outfitters” or the “Company”) (NasdaqGS: URBN).
The investigation of Urban Outfitters is related to statements issued by the Company concerning comparable sales and margin growth. On September 9, 2013, the Company filed its quarterly report for the period ended July 31, 2013, in which it announced that “[t]hus far during the third quarter of fiscal 2014, comparable Retail segment net sales are mid single-digit positive.” The price of Urban Outfitters shares declined significantly following this news.
If you purchased Urban Outfitters common stock between May 21, 2013 and September 9, 2013, the period during which Urban Outfitters common stock may have been overvalued due to possibly misleading statements by the Company, and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles Noah Insler, 410-415-6616