Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Body Central Corporation Business Wire BENSALEM, Pa. -- October 20, 2012 Law Offices of Howard G. Smith announces that a 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 persons or entities who purchased the common stock of Body Central Corporation (“Body Central” or the “Company”) (NASDAQ:BODY) between November 10, 2011 and June 18, 2012, inclusive (the “Class Period”). Body Central operates as a specialty retailer of young women’s apparel and accessories in the south, mid-Atlantic and Midwest United States, with 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 the Company, 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 Body Central’s 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 are a member of the Class described above, you may move the Court, no later than October 29, 2012, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time or you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com. Contact: Law Offices of Howard G. Smith Howard G. Smith, Esquire (215) 638-4847 (888) 638-4847 email@example.com www.howardsmithlaw.com
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Body Central Corporation
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