San Diego, CA -- (SBWIRE) -- 03/18/2013 -- An investigation on behalf of investors of Gordmans Stores, Inc. (NASDAQ:GMAN) shares over potential securities laws violations by Gordmans Stores, Inc. and certain of its directors and officers in connection certain financial statements was announced .

Investors who purchased shares of Gordmans Stores, Inc. (NASDAQ:GMAN), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Gordmans Stores, Inc. (NASDAQ:GMAN) concerning whether a series of statements by Gordmans Stores, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Gordmans Stores, Inc.(NASDAQ:GMAN) reported that its Total Revenue increased from $517 million for the 52 weeks period that ended on Jan. 29, 2011, to $551.48 million for the 52 weeks period that ended on Jan. 28, 2012 and that its Net Income over those time periods increased from $15.60 million to $25.17 million.

March 19, 2012, Gordmans Stores, Inc. announced its fourth quarter and fiscal Year 2011 Results. Among other things, Gordmans Stores, Inc. also issued its outlook for the first quarter of fiscal year 2012 ending April 28, 2012.

On May 11, 2012, Gordmans Stores, Inc. announced its first Quarter 2012 Results. Among other things, Gordmans Stores, Inc. also issued its outlook for the second quarter of fiscal year 2012 ending July 28, 2012.

On May 21, 2012 Gordmans Stores, Inc. announced the commencement of a public offering of approximately 3 million shares of common stock by certain selling stockholders and 40,000 shares of common stock by the Company. In addition, Gordmans Stores, Inc.said that Sun Gordmans, LP, one of the selling stockholders, will grant the underwriters a 30-day option to purchase up to approximately 456,500 shares of common stock to cover over-allotments, if any. Piper Jaffray & Co. andWells Fargo Securities are the joint book-running managers for the offering.

On August, August 30, 2012 Gordmans Stores, Inc. announced its Second Quarter 2012 Results. Among other things, Gordmans Stores, Inc. issued its outlooks for the for the third and fourth quarter of fiscal year 2012.

Then on October 1, 2012, 0/01/12 Gordmans Stores, Inc. updated its outlook for the third quarter ending October 27, 2012 and fourth quarter ending February 2, 2013.
On Nov. 28, 2012, Gordmans Stores, Inc. announced its third quarter 2012 results and issued its updated outlook for the for the fourth quarter and full year of fiscal year 2012.

On Jan14, 2012, Gordmans Stores, Inc. updated its outlook for the fourth quarter ending February 2, 2013.

Shares of Gordmans Stores, Inc.(NASDAQ:GMAN) declined from as high as $22.22 per share in April 2012 to as low as $11.59 per share on Jan. 25, 2012.

On March 15, 2013, NASDAQ:GMAN shares closed at $14.30 per share.

Those who purchased shares of Gordmans Stores, Inc. (NASDAQ:GMAN), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com