A settlement was reached in the lawsuit filed on behalf of certain investors of Body Central Corp (NASDAQ: BODY) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on: January 26, 2015. NASDAQ: BODY investors should contact the Shareholders Foundation at firstname.lastname@example.org
San Diego, CA -- (SBWIRE) -- 12/09/2014 -- A deadline is coming up on January 26, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Body Central Corp (NASDAQ: BODY) between November 10, 2011 and June 18, 2012.
Investors who purchased a significant amount of shares of Body Central Corp (NASDAQ: BODY) between November 10, 2011 and June 18, 2012, have certain options and should contact the Shareholders Foundation by email at email@example.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Body Central Corp (NASDAQ: BODY) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/body-central-corp-nasdaq-body-investor-securities-class-action-lawsuit-08272012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is January 26, 2015. The class action administrator for this case is Gilardi & Co, LLC.
The lawsuit was originally filed in in the U.S. District Court for the Middle District of Florida against Body Central Corp over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 10, 2011 and June 18, 2012. According to the complaint the plaintiff alleges on on behalf of purchasers of Body Central Corp (NASDAQ: BODY) common stock during the period between November 10, 2011 and June 18, 2012, that Body Central Corp and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding Body Central Corp's financials and future business prospects.
Specifically, so the plaintiff, defendants allegedly misrepresented and/or failed to disclose adverse facts concerning what defendants described as a "merchandise miss," as well as the poor operating and financial performance of Body Central Corp's stores and as a result of defendants' statements, which included statements regarding Body Central Corp's 2012 financial outlook, Body Central Corp common stock (NASDAQ: BODY) traded at artificially inflated prices between November 10, 2011 and June 18, 2012, reaching a high of $30.69 per share on April 27, 2012.
Then on May 3, 2012, after the market closed, Body Central Corp (NASDAQ: BODY) announced its first quarter 2012 financial results, on June 18, 2012, Body Central Corp revised its guidance for the second quarter and full year, and then on August 6, 2012, NASDAQ: BODY shares closed at $8.14 per share, substantially below its current 52 week High of $30.93 per share.
Body Central Corp (NASDAQ: BODY) stocks dropped from as high as $30.69 per share on April 27, 2012, to $14.879 on May 4, 2012 and then to as low as $8.22 per share on June 18, 2012.
Those who purchased shares of Body Central Corp (NASDAQ: BODY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego