NEW YORK, April 2, 2015 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the District of New Jersey on behalf of those who purchased shares of Movado Group, Inc. - ("Movado" or the "Company") (NYSE:MOV), during the period between March 26, 2014 and November 13, 2014, inclusive (the "Class Period").
The complaint charges Movado and certain of its officers and directors with violations of Federal Securities Laws. Specifically, The complaint alleges that during the Class Period defendants issued materially false and misleading statements regarding: (a) the purportedly attractive business prospects and strong growth expected for the Company's flagship Movado brand as well as its portfolio of licensed brands; and (b) the Company's initiative to boost the Movado brand by cannibalizing one of the Company's other brand's shelf space at various retailers.
On November 14, 2014, Movado warned that its financial results for its third and fourth quarters of fiscal year 2015 would likely come in below market expectations, and the Company cut its full year outlook as well.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Movado 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 info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Movado you have until April 6, 2015 to request that the Court appoint you as lead plaintiff. 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.