The Men's Wearhouse, Inc. hit by THE MENS WEARHOUS shareholder lawsuit

Oct. 13, 2009 - PRLog -- An investor in The Men's Wearhouse, Inc. (Public, NYSE-MW) has filed a lawsuit on behalf of purchasers of the common stock of THE MENS WEARHOUS  between March 7, 2007 and January 9, 2008, over alleged violations of Federal Securities laws by Men's Wearhouse Inc. (MW) and others.

If you purchased common stock of The Men's Wearhouse, Inc.  between March 7, 2007 and January 9, 2008, you have certain options and there are strict and short deadlines running. Deadline: December 07, 2009. Those MW investors and current long term investors should contact the Shareholders Foundation, Inc at:

mail@shareholdersfoundation.com

or at: +1(858) 779 -1554

According to the complaint the plaintiff alleges that Men’s Wearhouse Inc and certain of its executives violated the Exchange Act by issuing between March 7, 2007 and January 9, 2008 numerous positive statements regarding the Men's Wearhouse, Inc’s financial condition, business and prospects and that these statements were materially false and misleading because defendants failed to disclose adverse facts. Then on January 9, 2008, Men’s Wearhouse announced its mid fourth quarter update for the quarter ending February 2, 2008. In response to the Company’s reduced guidance for fiscal 2007, the price of Men’s Wearhouse common stock fell $7.60 per share, or 30%, to close at $17.84 per share, on January 10, 2008, on extremely heavy trading volume.
The Men’s Wearhouse, Inc. located in Houston, Texas, is a specialty retailer of men’s suits, and provider of tuxedo rental product in the United States and Canada. As of January 31, 2009, the Company operated 805 retail apparel stores, with 688 stores in the United States and 117 stores in Canada, and 489 tuxedo rental stores in the United States. The Men’s Wearhouse reported in 2007 (ending on 02/02/2008) Total Revenue of $2.11256billion with a Net Income of $147.04million and in 2008 (ending on 01/31/2009) Total Revenue of $1.97242billion with a Net Income of $58.84million. Shares of The Men’s Wearhouse traded recently at $25.73 per share, down form its 52weekHigh of $27.67 per share and almost $55 per share in 2007.  

Those who purchased common stock of The Men's Wearhouse, Inc.  between March 7, 2007 and January 9, 2008, have certain options and there are strict and short deadlines running. Deadline: December 07, 2009. Those MW investors and current long term investors should contact the Shareholders Foundation, Inc at:

Email: mail@shareholdersfoundation.com

Or at: +1 (858) 779 - 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.