openPR Logo
Press release

Investigation announced for Long-Term Investors in shares of L Brands, Inc. (NYSE: LB)

12-03-2019 06:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in L Brands, Inc. (NYSE: LB) shares .

An investigation on behalf of current long term investors in L Brands, Inc. (NYSE: LB) shares .

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of L Brands, Inc. .

Investors who are current long term investors in L Brands, Inc. (NYSE: LB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: LB stocks follows a lawsuit filed against L Brands, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LB stocks, concerns whether certain L Brands directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Ohio the plaintiff alleges that the 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, that in an attempt to drive sales and retain market share in the face of increasing competition, Victoria’s Secret and PINK engaged in heavy promotional activities by offering consumers large discounts and even giving items free of charge, that while this marketing strategy helped to mitigate sales declines, it adversely impacted the Company’s profit margins and cash flows and had a deleterious impact on the Company’s liquidity, and that in response to questions from securities analysts about the sustainability of the Company’s dividends, defendants repeatedly stated that L Brands had sufficient cash flow and cash on hand to sustain its dividends and that the Company, “in its history, ha[d] never reduced the dividend.”

Those who purchased shares of L Brands, Inc. (NYSE: LB) 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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Long-Term Investors in shares of L Brands, Inc. (NYSE: LB) here

News-ID: 1875455 • Views: 163

More Releases from Shareholders Foundation

Lawsuit filed for Investors in Energy Transfer LP (NYSE: ET) over alleged Mislea …
An investor in Energy Transfer LP (NYSE: ET) filed a lawsuit over alleged violations of Federal Securities Laws by Energy Transfer LP in connection with certain allegedly false and misleading statements. Investors who purchased units of Energy Transfer LP (NYSE: ET) have certain options and for certain investors are short and strict deadlines running. Deadline: January 20, 2020. NYSE: ET investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)
Investigation announced for Investors in shares of CBL & Associates Properties, …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at CBL & Associates Properties, Inc. Investors who purchased shares of CBL & Associates Properties, Inc (NYSE: CBL) and currently hold any of those NYSE: CBL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain CBL & Associates Properties
Lawsuit filed for Investors in shares of Aurora Cannabis Inc. (NYSE: ACB)
The Shareholders Foundation announced that an investor, who purchased shares of Aurora Cannabis Inc. (NYSE: ACB), filed a lawsuit over alleged violations of Federal Securities Laws by Aurora Cannabis Inc. Investors who purchased shares of Aurora Cannabis Inc. (NYSE: ACB), have certain options and for certain investors are short and strict deadlines running. Deadline: January 21, 2020. NYSE: ACB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779
Investigation announced for Long-Term Investors in shares of Verb Technology Com …
An investigation on behalf of current long-term investors in shares of Verb Technology Company, Inc. (NASDAQ: VERB) concerning potential breaches of fiduciary duties by certain directors and officers of Verb Technology Company, Inc. was announced. Investors who are current long term investors in Verb Technology Company, Inc. (NASDAQ: VERB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a

All 5 Releases


More Releases for Brands

Connect families with brands
DRIVE CUSTOMER SALES, FOSTER POSITIVE CHILD-PARENT RELATIONSHIPS Established in 2014, ThingsToDoWithKids connects families with brands. Offering a multilayered marketing platform to a niche market, the Magazine delivers reliable branding results through print media, social media, a mobile application and web services. While encouraging responsible tourism and the strengthening of family relationships, ThingsToDoWithKids provides brands with a unique avenue for advertising, ensuring a well-rounded approach to marketing. “We are passionate about helping
Roust Vodkas among Bestselling Spirits Brands Worldwide
19th of June 2017 Six Roust vodka brands have been ranked among bestselling spirits brands worldwide by Drinks International, a leading source for alcohol beverage industry statistics. The list of 157 brands with sales of over 1 mn 9l. cases in 2016 includes Roust’s Żubrówka (#27), Russian Standard (#64), Soplica (#67), Green Mark (#88), Żytniówka (#103) and Talka (#111). The brands are also listed in TOP 30 Largest Vodka Brands worldwide.
India's very own World Travel Brands unveailed
Brands Academy, one of world’s leading brand management and consulting companies, organized the Indian edition of World Travel Brands in New Delhi, India, to felicitate India’s most powerful brands, exceptional individuals and innovative businesses from the Travel, Tourism & Hospitality industries that have achieved excellence in customer service and developed innovative ways to carve an emphatic identity for themselves. Mr. Prahlad Kakar, leading Indian ad film director and brand guru,
Brands Academy Karnataka Service Excellence Awards 2011
Brands Academy, one of India’s leading brand management and consulting companies, organized Brands Academy Service Excellence Awards Ceremony to felicitate Karnataka’s leading service organizations and professionals, who have displayed exemplary excellence as service providers in their respective fields. The awards were based on a comprehensive market research study and opinion surveys conducted by BIG Brands Research, one of the top market research agencies in India. Dr. Shashi Tharoor, a renowned
DNA Brands Expands Retail Distribution With Walgreens
DNA Energy Drinks and DNA Meat Snacks Now Available in Walgreens Stores Across South Florida With Market Support Provided by the NFL's Miami Dolphins. Boca Raton, FL, June 02, 2011 -- DNA Brands, Inc., (OTCBB:DNAX) makers of the great tasting DNA Energy Drinks® and DNA Meat Snacks, each a favorite of the action sports community and its enthusiastic followers, announced today the execution of an agreement with Walgreens that authorizes DNA
German Quality Brands in Asia
Neschen at Shanghai International Advertising: Hall W1, Stand 545 Bückeburg, 23 May 2011 - In the course of the expansion of its business in Asia, Neschen AG is flying the flag in China: from 6 to 9 July it is presenting its laminating machines, laminates and digital print media at the Shanghai International Advertising trade fair (hall W1, stand 545). The Bückeburg coating specialists place great emphasis on "Made in