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Body Central Corporation BODY Securities Lawsuit


Company: Body Central Corporation
Ticker Symbol: BODY
Class Period: Nov-10-11 to Jun-18-12
Date Filed: Aug-31-12
Lead Plaintiff Deadline: Oct-30-12
Court: Middle District of Florida
Allegations:
Los Angeles, CA: A securities class action lawsuit has been filed in the United States District Court for the Middle District of Florida on behalf of a class (the "Class") consisting of all purchasers of the common stock of Body Central Corporation ("Body Central"or the "Company") between November 10, 2011 and June 18, 2012 (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934.

Body Central operates as a specialty retailer of young women' apparel and accessories in the south, mid-Atlantic and Midwest United States. The Company operates specialty apparel stores under the Body Central and Body Shop banners. On June 18, 2012 the Company announced "revised sales and earnings guidance for its second quarter and full year 2012."According to a Company-issued press release, the revision was a result of "recent sales trends,"which the Company expects "will continue into the third quarter with some impact to gross margin."

The Complaint alleges that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts concerning the Company' financial performance and prospects, including that: (1) the Company's "merchandise miss"was not an isolated event, it would take at least several quarters to remedy and would have a material negative impact on the Company's financial results; (2) the Company's stores were experiencing increasingly poor performance and financial results; (3) defendants issued materially false and misleading statements regarding the Company's operations and its business and financial results and outlook; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company or its revenue outlook.

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.

Body Central Corporation BODY 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 Body Central Corporation securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Sep-3-12

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