BOULDER, Colo., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Advertising Material - The Shuman Law Firm today announced that a class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of purchasers of Limited Brands, Inc. ("Limited Brands" or the "Company") (NYSE:LTD) common stock during the period of August 22, 2007 through February 28, 2008, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934 (the "Exchange Act").
If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The complaint charges Limited Brands and certain of its officers and directors with violations of the Exchange Act and alleges that, throughout the Class Period, defendants made numerous positive statements regarding the Company's financial condition, business and prospects. The complaint further alleges that these statements were materially false and misleading when made because defendants failed to disclose adverse events surrounding the development of a new warehouse and certain technology.
On February 27, 2008, Limited Brands issued a press release reporting fourth quarter and full year 2007 earnings. This press release significantly lowered the Company's previously issued guidance for 2008. In response to the announcement, the price of Limited Brands common stock fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008 on heavy trading volume.
If you purchased Limited Brands common stock between August 22, 2007 and February 28, 2008, you may request that the Court appoint you as lead plaintiff of the Class no later than January 5, 2010. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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