LOS ANGELES, Aug. 28, 2009 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP - representing shareholders of Bare Escentuals, Inc. - announces that the Class Period has been expanded in the shareholder lawsuit filed in the United States District Court for the Northern District of California.
All persons or entities who purchased or otherwise acquired the common stock of Bare Escentuals, Inc. ("Bare Escentuals" or the "Company") (Nasdaq:BARE) between September 28, 2006 and October 31, 2008, inclusive (the "Class Period"), including purchases of common stock issued pursuant and/or traceable to the false and misleading Registration Statements and Prospectus filed in connection with the Company's September 28, 2006 initial public offering and March 14, 2007 follow-on-offering, may move the Court not later than September 15, 2009, to serve as lead plaintiff; however, you must meet certain legal requirements.
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at http://www.glancylaw.com.
The Complaint charges the Company and certain of its executive officers and directors, among others, with violations of federal securities laws. Bare Escentuals develops, markets and sells cosmetics and skin- and body-care products worldwide under the bareMinerals, RareMinerals, Buxom and md formulations brands. The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Bare Escentuals' business and prospects were materially false and misleading. Specifically, that defendants knew or recklessly disregarded and failed to disclose material adverse information, including that: (a) the Company's infomercial business was not performing according to internal expectations; (b) the Company's new infomercial had led to an immediate decrease in sales and was not performing to internal expectations; and (c) as a result, the Company's growth rate would be slowing from historical growth rates.
Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting shareholder lawsuits, and substantial expertise in actions involving corporate fraud.
If you purchased Bare Escentuals common stock between September 28, 2006 and October 31, 2008, or purchased shares pursuant to the Company's September 28, 2006, initial public offering or March 14, 2007 follow-on-offering, you may move the Court, not later than September 15, 2009, to serve as lead plaintiff. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.