Investors with a substantial investment in Body Central Corp (NASDAQ:BODY)
According to the complaint filed in the U.S. District Court for the Middle District of Florida the plaintiff alleges on behalf of purchasers of Body Central Corp (NASDAQ:BODY)
Specifically, so the plaintiff, defendants allegedly misrepresented and/or failed to disclose adverse facts concerning what defendants described as a "merchandise miss," as well as the poor operating and financial performance of the Company's stores and as a result of defendants' statements, which included statements regarding the Company's 2012 financial outlook, Body Central common stock (NASDAQ:BODY)
Then on May 3, 2012, after the market closed, Body Central Corp announced its first quarter 2012 financial results, on June 18, 2012, Body Central Corp revised its guidance for the second quarter and full year, and then on August 6, 2012, NASDAQ:BODY shares closed at $8.14 per share, substantially below its current 52 week High of $30.93 per share.
NASDAQ:BODY stocks dropped from as high as $30.69 per share on April 27, 2012, to $14.879 on May 4, 2012 and then decreased to as low as $8.135 per share on August 6, 2012.
On October 1, 2012, NASDAQ:BODY shares closed at $11.30 per share, significantly below its 52 week High of $30.93 per share.
Those who purchased shares of Body Central Corp (NASDAQ:BODY)