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The Talbots, Inc. hit by investor lawsuit over alleged securities laws violations

Lawsuit for investors of The Talbots, Inc. (Public, NYSE:TLB) over alleged securities laws violations - Deadline: April 1, 2011 TLB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog - Feb. 3, 2011 - SAN DIEGO -- An investor in shares of The Talbots, Inc. (Public, NYSE:TLB) filed a lawsuit in United States District Court for the District of Massachusetts against The Talbots, Inc over alleged violations of Federal Securities Laws.

If you purchased the common stock of The Talbots, Inc. (Public, NYSE:TLB) between December 8, 2009 and January 11, 2011, you have certain options and there are strict and short deadlines running. Deadline: Deadline: April 1, 2011. Those TLB stockholders and current long term TLB investors, including those who purchased TLB shares (also) prior to December 8, 2009 and presently hold those shares, should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1(858) 779 - 1554.


According to the class action complaint the plaintiff alleges on behalf of purchasers of the common stock of The Talbots, Inc. (NYSE:TLB) between December 8, 2009 and January 11, 2011, that Talbots, Inc. and certain of its officers and executives violated the Securities Exchange Act of 1934 by failing to disclose between December 8, 2009 and January 11, 2011that material adverse facts about its true financial condition, business and prospects. The Talbots’ 52/53months Total Revenue decreased from $1.722billion reported on Feb. 3, 2007 to $1.235billion reported on Jan 30, 2010. Its Net Income decreased over the same time frame from $31.58million to a Net Loss of $29.41million

On January 11, 2011, Talbots Inc. provided a Business Update and reported that quarter-to-date top line sales were down approximately 7% versus the fourth quarter of the prior year and the Talbots Inc’s previously announced expectation for fourth quarter top-line sales in the range of flat to down low-single digits. Additionally, quarter-to-date comparable store sales were down approximately 6%. As a result of this news, so the lawsuit, the price of Talbots common stock (TLB) dropped 17.4%,
Shares of the Talbots, Inc. (NYSE: TLB) traded during December 2009 as low as $7.20 per TLB shares and then raised throughout 2010 to as high as $15.76 per share. Then on January 11, TLB shares dropped to $6.29 per share and continued to decreased to recently $5.26 per share.


Those who purchased the common stock of The Talbots, Inc. (Public, NYSE:TLB) between December 8, 2009 and January 11, 2011, have certain options and there are strict and short deadlines running. Deadline: Deadline: April 1, 2011. Those TLB stockholders and current long term TLB investors, including those who purchased TLB shares (also) prior to December 8, 2009 and presently hold those shares, should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring service and 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.

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Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Banking, Business, Finance
Tags:tlb, talbots, the talbots, nyse tlb, securities class action, class action, lawsuit, securities laws, investment, Finance
Last Updated:Feb 03, 2011
Shortcut:prlog.org/11274241
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