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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Five Below Inc | NASDAQ:FIVE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 141.03 | 139.53 | 143.50 | 298 | 14:28:15 |
What You May Do
If you purchased shares of Five Below and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 10, 2015.
About the Lawsuit
Five Below and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The complaint alleges that, while concealing that the Company's two founders intended to step down as CEO and Chairman, Five Below raised its 2014 sales and earnings guidance twice. With the price of Five Below stock increasing on their misrepresentations, the Company's founders and Chief Financial Officer sold almost $30 million worth of their personally-held shares at fraud-inflated prices.
On December 4, 2014, Five Below disclosed that its sales growth had diminished, it was reducing its annual sales and profit forecasts, and the Company's two founders were resigning as CEO and Chairman, with the newly hired President taking over as CEO. On this news, the price of Five Below stock plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447
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