An investigation on behalf of investors in Urban Outfitters, Inc. (NASDAQ:URBN) shares over possible wrongdoing by certain Urban Outfitters directors was announced.
San Diego, CA -- (SBWIRE) -- 09/15/2015 -- Certain directors of Urban Outfitters, Inc are under investigation over possible wrongdoing. The investigation for investors whp purchased NASDAQ:URBN stocks long-term, concerns whether certain Urban Outfitters directors breached their fiduciary duties that caused damages to the company and NASDAQ:URBN stockholders.
Investors who are current long term investors in Urban Outfitters, Inc. (NASDAQ:URBN) shares, 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 for current long term investors in Urban Outfitters, Inc. (NASDAQ:URBN) stocks concerns whether certain Urban Outfitters officers and directors are liable in connection with the allegations made in a lawsuit currently pending against Urban Outfitters, Inc over alleged securities laws violations.
The plaintiff in that lawsuit claims that between March 12, 2013 and September 9, 2013 defendants issued materially allegedly false and misleading statements regarding Urban Outfitters Inc's financial performance and future prospects and/or failed to disclose that Urban Outfitters Inc's comparable sales growth had significantly declined, particularly in its all-important Urban Outfitters group, that as a results of declining sales, Urban Outfitters Inc was forced to offer an additional 30% off all clearance items during Labor Day weekend 2013, something it had not been forced to do during the prior year Labor Day weekend, and that as a result of the foregoing, Urban Outfitters Inc was not on track to achieve the financial results defendants had led the market to expect March 12, 2013 and September 9, 2013.
On September 11, 2015, NASDAQ:URBN shares closed at $30.31 per share.
Those who purchased NASDAQ:URBN shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com