Federman & Sherwood Announces Investigation of Gordmans Stores, Inc.

  Federman & Sherwood Announces Investigation of Gordmans Stores, Inc.

Business Wire

OKLAHOMA CITY -- March 13, 2013

Federman & Sherwood announces the commencement of an investigation into
Gordmans Stores, Inc., ("Gordmans" or the "Company") (NASDAQ: GMAN) to
determine whether the Company issued false and misleading statements to its
shareholders.

Gordmans is a retail discount department store based in Omaha, Nebraska. On
March 19, 2012, Gordmans issued a press release announcing fourth quarter and
fiscal year 2011 earnings. Gordmans attributed its “strong operating results”
to its new store openings and continued expansion of gross profit margins. On
May 25, 2012, Gordmans filed its prospectus supplement for a public offering.
Gordmans offered to sell 40,000 shares of common stock and selling
stockholders offered to sell 3,003,532 shares of common stock at $16.75 per
share. Since this offering, the price of the securities has declined
substantially. For example, on January 14, 2013, Gordmans updated its fourth
quarter and fiscal year outlook by decreasing its revenue guidance and
substantially decreasing its EPS guidance. On this news, the stock price
dropped 16.5% to $11.66 per share on high volume. We are investigating whether
the Company issued false and misleading statements or failed to disclose
material, adverse facts about the Company in connection with the above.

What You Can Do

If you are a Gordmans shareholder who purchased shares related to the
Company’s 2012 public offering of securities, you may have legal claims under
the securities laws. If you wish to discuss this investigation or have
questions about this notice or your legal rights, please contact Federman &
Sherwood. There is no cost to you. No representation is made that the quality
of legal services to be performed is greater than the quality of legal
services to be performed by other lawyers.

Federman & Sherwood has extensive nationwide experience in representing
investors in securities, derivative and merger-related shareholder class
actions, and has been appointed as lead counsel in multiple complex cases.

Contact:

Federman & Sherwood
K. Lynn Nunn, 405-235-1560
kln@federmanlaw.com
 
Press spacebar to pause and continue. Press esc to stop.