Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Timberland Co. (“Timberland” or the “Company”) (NYSE: TBL). Faruqi & Faruqi, LLP seeks to determine whether Timberland violated federal securities laws in connection with statements made to the Company’s shareholders during the period between February 17, 2011 and May 4, 2011, inclusive (the "Class Period").
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The investigation focuses on whether certain individuals at Timberland violated federal securities laws by, among other things, failing to disclose during the Class Period that demand for the Company’s key products had actually dramatically declined, that the Company’s inventory levels were rising, and that Timberland had significantly increased the Company’s advertising spending in order to buttress sagging sales demand. Instead, Timberland made contradictory statements that sales trends, cost discipline and inventory levels merited an anticipated return to a 15% operating profit. On May 5, 2011, Timberland disclosed financial results for the Company’s first quarter of 2011 that far underperformed those which Timberland had led the market to expect during the Class Period, as a result, the value of Timberland stock declined significantly.
Take ActionIf you purchased Timberland securities between the Class Period and you would like to discuss your legal rights, visit www.faruqilaw.com/TBL. You can also contact us by calling Juan E. Monteverde toll free at 877-247-4292 or at 212-983-9330 or by sending an email to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Timberland’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others. About Faruqi & Faruqi, LLP Faruqi & Faruqi, LLP is a national law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.