Limited Brands, Inc. hit by actor lawsuit

An broker in Limited Brands, Inc. (Public, NYSE:LTD) filed a accusation in the United States District Court for the Southern District of Ohio on account of purchasers of Limited Brands, Inc. (NYSE:LTD) accepted banal during the aeon of August 22, 2007 through February 28, 2008, over declared violations of the Federal Securities Laws by Limited Brands and others.

Those who purchased Limited Brands, Inc. (Public, NYSE:LTD) accepted banal during the aeon of August 22, 2007 through February 28, 2008, accept assertive options and there are austere and abbreviate deadlines running. Deadline: January 05, 2010. Those LTD investors and accepted continued appellation investors should acquaintance the Shareholders Foundation, Inc. at Email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554.

According to the complaint the plaintiff alleges that Limited Brands and assertive of its admiral and admiral abandoned the Exchange Act of 1934 by arising amid August 22, 2007 and February 28, 2008 abundant absolute statements apropos its banking condition, business and affairs that were materially apocryphal and ambiguous if fabricated because defendants bootless to acknowledge adverse contest surrounding the development of a new barn and assertive technology. On February 27, 2008, Limited Brands issued a columnist absolution advertisement fourth division and abounding year 2007 earnings. This columnist absolution decidedly bargain the Company’s ahead issued advice for 2008 and in acknowledgment to the announcement, the amount of Limited Brands accepted banal fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008 on abundant trading volume, so the lawsuit. Limited Brands, Inc. amid in Columbus, Ohio, appear in 2007 Total Revenue of $10.134billion with a Net Income of $718million and in 2008 Total Revenue of $9.043billion with a Net Income of $220.00million. Limited Brands is a specialty banker of women’s affectionate and added apparel, adorableness and claimed affliction articles and accessories beneath assorted barter names. The Company sells its commodity through the retail food in the United States and Canada, which are primarily mall-based, and through its Websites and catalogues. Limited Brands, Inc. shares NYSE:LTD traded afresh at $18.18 per share, down from over $20 per allotment in 2008, and about $30 per allotment in 2007. Those who purchased of Limited Brands, Inc. (NYSE:LTD) accepted banal during the aeon of August 22, 2007 through February 28, 2008, accept assertive options and there are austere and abbreviate deadlines running. Deadline: January 05, 2010. Those LTD investors and accepted continued appellation investors should acquaintance the Shareholders Foundation.