SAN DIEGO, Oct. 28, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on November 28, 2013 in the lawsuit filed on behalf of certain investors in shares Francesca's Holdings Corp (FRAN) over alleged Securities Laws Violations by Francesca's Holdings Corp.
If you purchased shares of Francesca's Holdings Corp (FRAN), you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The plaintiff alleges on behalf of investors who purchased Francesca's Holdings Corp (FRAN) common stock between March 20, 2013 and September 3, 2013, that Francesca's Holdings Corp, among other things, had been forced to engage in promotional selling at significant discounts during its first quarter 2013 in order to meet its financial targets, that Francesca's concealed the impact sales terms and margins with its suppliers would have on its ability to maintain above-average profit margins, and that as a result, Francesca's Holdings Corp was not on track to achieve the financial results defendants had led the market to expect between March 20, 2013 and September 3, 2013.
The plaintiff claims that as a result of defendants' false and misleading statements between March 20, 2013 and September 3, 2013, certain company insiders were able to sell hundreds of millions of dollars of Francesca's stock at artificially inflated prices.
Then on September 4, 2013, Francesca's Holdings Corp reported its second quarter 2013 financial results and issued its third quarter 2013 and full fiscal year 2013 guidance.
Shares of Francesca's Holdings Corp declined from over $31 per share in May 2013 to as low as $16.44 on October 16, 2013.
Those who purchased shares of Francesca's Holdings Corp (FRAN) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
