L Brands, Inc. Securities Litigation

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Lawsuit Overview

Defendant:L Brands, Inc.
Date Filed:July 23rd, 2019
Sector:Consumer Services
Industry:Clothing/Shoe/Accessory Stores
Class Start Date:May 31st, 2018
Class End Date:November 19th, 2018

According to the Complaint, L Brands is a specialty retailer of women's intimate apparel and personal
care and beauty products.

The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements and/or failed to disclose adverse information regarding L Brands' business and prospects, which caused L Brands stock to trade at artificially inflated prices of more than $37 per share during the Class Period. Specifically, the Complaint alleges that, prior to and during the Class Period, L Brands' Victoria's Secret and PINK businesses began to experience deteriorating operating performance due to, among other things, increased competition from new lingerie brands.

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Reference Complaint

Rickey Walker, et al. v. L Brands, Inc., et al.

Date Filed:August 16th, 2019
Class Period Start:May 31st, 2018
Class Period End:November 19th, 2018