LAWSUITS NEWS & LEGAL INFORMATION
Abercrombie & Fitch Agrees $12M Settlement in Securities Class Action
This is a settlement for the Securities/Stock Fraud lawsuit.
New York, NY: Abercrombie & Fitch Co, has reportedly settled a securities class action brought by shareholders who alleged that the company's stock price declined in the summer of 2005 due to misstatements from the clothing retailer.
According to media reports, the company has agreed to a settlement of $12 million. The suit was brought on behalf of anyone who purchased Abercrombie shares between June 2, 2005 and August 16, 2005, according to a company filing with the Securities and Exchange Commission.
The agreement is subject to final approval in court.
Published on May-27-10
According to media reports, the company has agreed to a settlement of $12 million. The suit was brought on behalf of anyone who purchased Abercrombie shares between June 2, 2005 and August 16, 2005, according to a company filing with the Securities and Exchange Commission.
The agreement is subject to final approval in court.
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