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Aeropostale, Inc. ARO Securities Stock Fraud

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Company: Aeropostale, Inc.
Ticker Symbol: ARO
Class Period: Feb-3-11 to Aug-3-11
Date Filed: Oct-11-11
Lead Plaintiff Deadline: Dec-10-11
Court: Southern District of New York
Allegations:
West Hartford, CT: A securities lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Aeropostale, Inc. ("Aeropostale" or the "Company") between February 3, 2011 and August 3, 2011, inclusive (the "Class Period").

The complaint charges that Aeropostale and certain of its officers and directors violated federal securities laws by issuing materially false statements regarding the Company's business and prospects. Specifically, defendants failed to disclose the following adverse facts: (i) that Aeropostale was experiencing declining demand for its women's fashion division, which makes up 70% of the Company's sales; (ii) that Aeropostale was enduring pressure on its profit margins as a result of increasing inventory and higher discounts on its clothing; and (iii) that, as a result, defendants lacked a reasonable basis for their positive statements about the Company.

On August 4, 2011, Aeropostale provided a business update for the second quarter of 2011 reporting net sales of $468.2 million, a decrease of 5% from the second quarter of 2010, and expected net earnings to be in the range of $0.02 to $0.03 per share -- well below the Company's guidance of $0.11 to $0.16 per share. On this news, Aeropostale stock fell $3.99, or 24%, to close at $12.53 per share.

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.

Aeropostale, Inc. ARO Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Aeropostale, Inc. securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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