Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Five Below, Inc. (“Five Below” or the “Company”)
(NASDAQ:FIVE) of the March 10, 2015 deadline to seek the role of lead
plaintiff in a federal securities class action lawsuit filed against
Five Below and certain officers and directors of the Company.
A complaint has been filed in the United States District Court for the
Eastern District of Pennsylvania on behalf of all persons who purchased
Five Below common stock between June 5, 2014 and December 4, 2014 (the
“Class Period”).
The complaint alleges that the Company and its executives violated
federal securities laws with respect to its statements concerning its
business, operations, and prospects.
Specifically, the action alleges that during the Class Period, Five
Below made false and/or misleading statements regarding: (i) the
Company’s sales growth and (ii) the employment status of Five Below’s
Chief Executive Officer (“CEO”) and Chairman of the Board of Directors
(“Chairman”).
On December 4, 2014, the Company announced that its sales growth had
declined and that the CEO and Chairman had both resigned.
Following this news, the price of the Company’s stock declined by $5.24,
or over 12%, to close at $37.61 on December 5, 2014.
Request more information now by clicking here: www.faruqilaw.com/FIVE.
There is no cost or obligation to you.
Take Action
If you invested in Five Below stock or options between June 5, 2014 and
December 4, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/FIVE.
You can also contact us by calling Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
Faruqi & Faruqi, LLP also encourages anyone with information regarding
Five Below’s conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
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