Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 6, 2019 to file lead plaintiff applications in a securities class action lawsuit against Ascena Retail Group, Inc. (NasdaqGS: ASNA.
Ascena and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
In August 2015, Ascena completed its acquisition of Ann Inc., parent company of Ann Taylor and LOFT. On June 8, 2017, the Company disclosed its results for 3Q2017, including a GAAP loss of $5.29 per diluted share, compared to net earnings in the prior-year period of $.08 per diluted share, and a $1.324B impairment charge taken on a portion of the Company’s goodwill and other intangible assets.
If you purchased shares of Ascena 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Newman v. Ascena Retail Group, Inc., No. 19-cv-13529. Click here to read the case complaint.