Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until November 26, 2013 to file lead plaintiff applications
in a securities class action lawsuit against Francesca’s Holding
Corporation (Nasdaq: FRAN), if they purchased the Company’s securities
during the period between March 20, 2013 and September 3, 2013,
inclusive (the “Class Period”). This action is pending in the United
States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Francesca’s and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850, or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com)
or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by November 26, 2013.
About the Lawsuit
Francesca’s and certain of its executives are charged with issuing a
series of materially false and misleading statements about the Company’s
business and prospects during the Class Period, violating federal
securities laws.
The complaint alleges that, during the Class Period, defendants failed
to disclose several adverse facts, including, but not limited to, the
fact that: (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, Francesca’s announced its second quarter 2013
financial results and third quarter 2013 guidance. Thereafter, the price
of Francesca’s common stock fell precipitously.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit www.ksfcounsel.com.
Copyright Business Wire 2013