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 firstname.lastname@example.org or visit our website at www.whafh.com. All e-mail correspondence should make reference to Abercrombie.
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP