Deadline in Lawsuit for Investors in Ascena Retail Group, Inc. (NASDAQ: ASNA) on August 6, 2019 coming up

The Shareholders Foundation announces that a deadline is coming up on August 6, 2019 in the lawsuit filed for certain investors of Ascena Retail Group, Inc. (NASDAQ: ASNA) over alleged securities laws violations by Ascena Retail Group, Inc.

Investors who purchased shares of Ascena Retail Group, Inc. (NASDAQ: ASNA) have certain options and there are strict and short deadlines running. Deadline: August 6, 2019. NASDAQ: ASNA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Ascena Retail Group, Inc. (NASDAQ: ASNA) common shares between September 16, 2015 and June 8, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 16, 2015 and June 8, 2017, the defendants failed to disclose that the Ann Acquisition was a complete disaster for the Company as Ann’s operations were in far worse condition than had been represented to the public; that, in order to mask the true condition of Ann, defendants improperly delayed recognizing an impairment charge to the value of Ann’s goodwill and, as a result, Ascena’s reported income and assets were materially overstated and the Company’s financial results were not prepared in conformity with Generally Accepted Accounting Principles (“GAAP”); and that many of the brands acquired in the Ann Acquisition were in steep decline and were also materially overvalued on Ascena’s financial statements between September 16, 2015 and June 8, 2017.

Those who purchased shares of Ascena Retail Group, Inc. (NASDAQ: ASNA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.