| Company: | Francesca's Holdings Corporation |
| Ticker Symbol: | FRAN |
| Class Period: | Mar-20-13 to Sep-3-13 |
| Date Filed: | Sep-30-13 |
| Lead Plaintiff Deadline: | Nov-29-13 |
| Court: | Southern District of New York |
| Allegations: | |
The complaint charges Francesca's Holdings and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period Francesca's Holdings and certain of its executives issued a series of materially false and misleading statements during the Class Period, specifically the complaint alleges that the Company concealed from its shareholders the following: (i) spring and summer weather and a competitive back-to-school retail environment weighed on same-store sales growth; (ii) same-store sales were declining; and (iii) the Company was not on track to achieve the financial results defendants had led the market to expect.
On September 4, 2013, shares of Francesca's Holdings fell nearly 26 percent to $17.79 after the Company announced dismal second quarter 2013 financial results and third quarter 2013 guidance. Plaintiff seeks to recover damages on behalf of all Francesca's Holdings shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
