SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000
in Losses From Investment in Francesca's Holdings Corporation to Contact
Brower Piven Before the November 26, 2013 Lead Plaintiff Deadline for the
Newly Expanded Claims -- FRAN
STEVENSON, Md., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
United States District Court for the Southern District of New York on behalf
of purchasers of Francesca's Holdings Corporation ("Francesca's" or the
"Company") (Nasdaq:FRAN) securities during the period between January 10, 2012
and September 3, 2013, inclusive (the "Class Period") and on behalf of
purchasers of Francesca's common stock pursuant to and/or traceable to one of
the Company's Secondary Public Offerings (collectively, the "Offerings") on
January 26, 2012, April 17, 2012, or March 27, 2013.
If you have suffered a net loss from investment in Francesca's Holdings
Corporation common stock purchased during one of the Offerings, or from
investment in Francesca's Holdings Corporation securities purchased on or
after January 10, 2012, and held through the revelation of negative
information on September 4, 2013, as described below, at no cost to you, you
may obtain additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by
email at email@example.com, by calling 410/415-6616, or at Brower Piven,
A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply
to be appointed lead plaintiff no later than November 26, 2013 and be selected
by the Court. The lead plaintiff will direct the litigation and participate in
important decisions including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from investment in
the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Act of
1933 and the Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period that unseasonably poor weather and
the competitive back-to-school retail environment had a negative impact on
same-store sales growth, that sales terms and margins with suppliers would
negatively impact the Company's ability to maintain above-average profit
margins, and that the Company increased sales through new store openings and
that, to meet its financial targets, engaged in steep discount promotional
selling during its first quarter 2013 that increased during its second quarter
2013. According to the complaint, following the Company's September 4, 2013
disclosure that its second quarter 2013 financial results were below
expectations, the value of Francesca's shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice. You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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