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Dec. 12, 2013 /PRNewswire/ --
Bernstein Liebhard LLP today announced that it is investigating possible breaches of fiduciary duties by certain senior executives and members of the Board of Directors of Francesca's Holdings Corporation ("Francesca's" or "the Company") (NASDAQ: FRAN). The investigation centers on whether these executives and directors breached their fiduciary duties to and harmed the Company by: (i) subjecting Francesca's to costly and potentially devastating litigation by allegedly disseminating materially false and misleading information that acted to artificially inflate Francesca's stock price; and (ii) selling substantial portions of their personal Company stock holdings – before they disclosed the truth about Francesca's – for proceeds of more than
$200 million, while in possession of adverse, nonpublic information about the Company.