Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action Lawsuit on Behalf of Investors in Abercrombie & Fitch Co.

    NEW YORK, Sept. 23 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz
 LLP filed a class action lawsuit in the United States District Court for the
 Southern District of Ohio, on behalf of all persons who purchased the
 securities of Abercrombie & Fitch Co. ("Abercrombie" or the "Company")
 (NYSE:   ANF) between May 17, 2005 and August 16, 2005, inclusive, (the "Class
 Period") against defendants Abercrombie and certain officers of the Company.
     The case name is Sved v. Abercrombie & Fitch Co., et al.  A copy of the
 complaint filed in this action is available from the Court, or can be viewed
 on the Wolf Haldenstein Adler Freeman & Herz LLP website at www.whafh.com.
     The complaint alleges that defendants violated the federal securities laws
 by issuing materially false and misleading statements throughout the Class
 Period that had the effect of artificially inflating the market price of the
 Company's securities.
     The complaint further alleges that during the Class Period, defendants
 made statements that were materially false and misleading because they failed
 to disclose the following facts, among others: (a) demand for Abercrombie's
 products was slowing, resulting in material amounts of unsold products and
 rising inventories; (b) contrary to defendants' representations that the denim
 products were "non-risk" from an inventory standpoint, meaning they would not
 be marked down if demand was poor, unsold denim products presented a material
 risk to the Company's profitability; and (c) the Company's profit margins were
 being negatively impacted by markdowns on unsold products.
     If you purchased Abercrombie securities during the Class Period, you may
 request that the Court appoint you as lead plaintiff by November 1, 2005.  A
 lead plaintiff is a representative party that acts on behalf of other class
 members in directing the litigation. In order to be appointed lead plaintiff,
 the Court must determine that the class member's claim is typical of the
 claims of other class members, and that the class member will adequately
 represent the class.  Under certain circumstances, one or more class members
 may together serve as "lead plaintiff." Your ability to share in any recovery
 is not, however, affected by the decision whether or not to serve as a lead
 plaintiff.  You may retain Wolf Haldenstein, or other counsel of your choice,
 to serve as your counsel in this action.
     Wolf Haldenstein has extensive experience in the prosecution of securities
 class actions and derivative litigation in state and federal trial and
 appellate courts across the country.  The firm has approximately 60 attorneys
 in various practice areas; and offices in Chicago, New York City, San Diego,
 and West Palm Beach.  The reputation and expertise of this firm in shareholder
 and other class litigation has been repeatedly recognized by the courts, which
 have appointed it to major positions in complex securities multi-district and
 consolidated litigation.
 
     If you wish to discuss this action or have any questions, please contact
 Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York,
 New York 10016, by telephone at (800) 575-0735 (Fred Taylor Isquith, Esq.,
 Gregory M. Nespole, Esq., George T. Peters, Esq., or Derek Behnke), via e-mail
 at classmember@whafh.com or visit our website at www.whafh.com. All e-mail
 correspondence should make reference to Abercrombie.
 
 

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.