Case Page

 

Case Status:    DISMISSED    
On or around 03/29/2011 (Date of order of final judgment)

Filing Date: November 06, 2009

According to a press release dated November 6, 2009, the complaint charges Limited Brands and certain of its officers and directors with violations of the Exchange Act. Limited Brands is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories under various trade names, including Victoria’s Secret. The Company sells merchandise through retail stores, which are primarily mall-based, in the United States and Canada, and through websites and catalogues.

The complaint alleges that, throughout the Class Period, defendants made numerous positive statements regarding the Company’s financial condition, business and prospects. The complaint further alleges that these statements were materially false and misleading when made because defendants failed to disclose adverse events surrounding the development of a new warehouse and certain technology.

On February 27, 2008, Limited Brands issued a press release reporting fourth quarter and full year 2007 earnings. This press release significantly lowered the Company’s previously issued guidance for 2008. In response to the announcement, the price of Limited Brands common stock fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008 on heavy trading volume.

On April 5, 2010, Judge Edmund A. Sargus granted the motion to appoint the Plumbers and Pipefitters Locals 502 & 633 Pension Trust Fund as lead plaintiff and approved its selection of Robbins Geller Rudman & Dowd LLP as lead counsel and Murray Murphy Moul + Basil LLP as liaison counsel. On June 25, 2010, the lead plaintiff filed an Amended Class Action Complaint. The defendants responded by filing a motion to dismiss on August 24, 2010.

On March 29, 2011, Judge Edmund A. Sargus granted the defendants’ motion to dismiss the Amended Class Action Complaint. The action is now dismissed with prejudice and the case is closed.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Apparel)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LTD
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Ohio
DOCKET #: 09-CV-01008
JUDGE: Hon. Edmund A Sargus
DATE FILED: 11/06/2009
CLASS PERIOD START: 08/22/2007
CLASS PERIOD END: 02/28/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cavanagh & O'Hara
    407 East Adams Street, Cavanagh & O'Hara, IL 62701
    217.544.1771 217.544.1771 ·
  2. Coughlin Stoia Geller Rudman & Robbins LLP (Melville)
    58 South Service Road, Suite 200, Coughlin Stoia Geller Rudman & Robbins LLP (Melville), NY 11747
    631.367.7100 631.367.1173 · info@csgrr.com/
  3. Murray Murphy Moul + Basil LLP
    1533 Lake Shore Drive, Murray Murphy Moul + Basil LLP, OH 43204
    614.488.0400 614.488.0401 · murphy@mrnmb.com
  4. Whatley Drake & Kallas LLC (New York)
    1540 Broadway, 37th Floor, Whatley Drake & Kallas LLC (New York), NY 10036
    212.447.7070 212.447.7070 ·
No Document Title Filing Date
COURT: S.D. Ohio
DOCKET #: 09-CV-01008
JUDGE: Hon. Edmund A Sargus
DATE FILED: 06/25/2010
CLASS PERIOD START: 08/22/2007
CLASS PERIOD END: 02/28/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (San Diego)
    655 West Broadway, Suite 1900, Robbins Geller Rudman & Dowd LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  2. Robbins Geller Rudman & Dowd LLP (San Francisco)
    100 Pine Street, Suite 2600, Robbins Geller Rudman & Dowd LLP (San Francisco), CA 94111
    415.288.4545 415.288.4534 ·
No Document Title Filing Date