This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Federman & Sherwood Announces Investigation Of Gordmans Stores, Inc.

Stocks in this article: GMAN

Federman & Sherwood announces the commencement of an investigation into Gordmans Stores, Inc., ("Gordmans" or the "Company") (NASDAQ: GMAN) to determine whether the Company issued false and misleading statements to its shareholders.

Gordmans is a retail discount department store based in Omaha, Nebraska. On March 19, 2012, Gordmans issued a press release announcing fourth quarter and fiscal year 2011 earnings. Gordmans attributed its “strong operating results” to its new store openings and continued expansion of gross profit margins. On May 25, 2012, Gordmans filed its prospectus supplement for a public offering. Gordmans offered to sell 40,000 shares of common stock and selling stockholders offered to sell 3,003,532 shares of common stock at $16.75 per share. Since this offering, the price of the securities has declined substantially. For example, on January 14, 2013, Gordmans updated its fourth quarter and fiscal year outlook by decreasing its revenue guidance and substantially decreasing its EPS guidance. On this news, the stock price dropped 16.5% to $11.66 per share on high volume. We are investigating whether the Company issued false and misleading statements or failed to disclose material, adverse facts about the Company in connection with the above.

What You Can Do

If you are a Gordmans shareholder who purchased shares related to the Company’s 2012 public offering of securities, you may have legal claims under the securities laws. If you wish to discuss this investigation or have questions about this notice or your legal rights, please contact Federman & Sherwood. There is no cost to you. No representation is made that the quality of legal services to be performed is greater than the quality of legal services to be performed by other lawyers.

Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs