NEW YORK, April 27, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HanesBrands Inc. ("HanesBrands" or the "Company") (NYSE: HBI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether HanesBrands and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 23, 2015, HanesBrands announced its financial results for the first quarter ended April 4, 2015. The Company reported net sales increased 14 percent to revenue of $1.21 billion and adjusted EPS excluding actions increased 16 percent to $0.22 cents per share for the quarter, which were both below analysts' expectations.
On this news, shares of HanesBrands fell $2.36 per share, to $32.22, or more than 6.8%, in intra-day trading on April 24, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP