NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors that they have until
August 6, 2019 to file lead plaintiff applications in a securities
class action lawsuit against Ascena Retail Group, Inc. (NasdaqGS: ASNA),
if they purchased the Company’s shares between September 16, 2015 and
June 8, 2017, inclusive (the “Class Period”). This action is pending in
the United States District Court for the District of New Jersey.
What You May Do
If you purchased shares of Ascena 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
([email protected]),
or visit https://www.ksfcounsel.com/cases/nasdaqgs-asna/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by August 6, 2019.
About the Lawsuit
Ascena and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
In August 2015, Ascena completed its acquisition of Ann Inc., parent
company of Ann Taylor and LOFT. On June 8, 2017, the Company disclosed
its results for 3Q2017, including a GAAP loss of $5.29 per diluted
share, compared to net earnings in the prior-year period of $.08 per
diluted share, and a $1.324B impairment charge taken on a portion of the
Company’s goodwill and other intangible assets.
The case is Newman v. Ascena Retail Group, Inc., No. 19-cv-13529.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100
Poydras St., Suite 3200
New Orleans, LA 70163
