NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Francesca's Holdings Corporation ("Francesca's Holdings or the Company") (NASDAQGS: FRAN), during the period between March 20, 2013 and September 3, 2013, inclusive (the "Class Period").
The complaint charges Francesca's Holdings and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period Francesca's Holdings and certain of its executives issued a series of materially false and misleading statements during the Class Period, specifically the complaint alleges that the Company concealed from its shareholders the following: (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, shares of Francesca's Holdings fell nearly 26 percent to $17.79 after the Company announced dismal second quarter 2013 financial results and third quarter 2013 guidance. Plaintiff seeks to recover damages on behalf of all Francesca's Holdings shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. November 26, 2013 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
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