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 September 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against L Brands, Inc. (NYSE: LB).
L Brands and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 19, 2018, the Company released its financial results for the 3Q2018, the period ended November 3, 2018, disclosing that, contrary to its prior assurances, the Company was cutting its dividend in half so that it could pay down existing debt.
On this news, the price of L Brands’ shares dropped approximately 18%, from $34.55 per share on November 19, 2018 to $28.43 per share on November 20, 2018.
If you purchased shares of L Brands 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 (firstname.lastname@example.org), or fill out the form on this page.
The case is Walker v. L Brands, Inc., et al., 19-cv-3186. Click here to read the case complaint.