Investors who are current long term stockholders in Body Central Corp (NASDAQ:BODY)
The investigation by a law firm concerns whether certain statements about Body Central’ business, its prospects and its operations were potentially materially false and misleading at the time they were made.
On May 3, 2012, after the market closed, Body Central Corp (NASDAQ:BODY)
NASDAQ:BODY stocks dropped from over $30 in April to as low as $8.135 per share on August 6, 2012.
Shortly after the significant stock drop an investor filed a lawsuit against Body Central Corp over alleged securities laws violations. The plaintiff says that 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)
On October 9, 2012, NASDAQ:BODY shares closed at $10.90 per share.
Those who are current long term stockholders in Body Central Corp (NASDAQ:BODY)