2009-07-22 17:34:13 - Class Action lawsuit on behalf of certain investors in Bare Escentuals, Inc. (Public, NASDAQ:BARE) over alleged securities laws violations by Bare Escentuals – Deadline: September 15, 2009, - Contact the Shareholders Foundation at mail@shareholdersfoundation.com

An investor with Bare Escentuals, Inc. has filed a proposed securities class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of the common stock of Bare Escentuals, Inc. (Nasdaq:BARE) between November 7, 2006 and November 26, 2007, alleging Bare Escentuals, Inc violated Federal Securities Laws.

If you purchased common stock of Bare Escentuals, Inc. (Nasdaq:BARE) between November 7, 2006 and November 26, 2007, you have certain options and there are strict and short deadlines running. Deadline: September 15, 2009. You should contact the Shareholders Foundation, Inc at email: mail(at)shareholdersfoundation.com or call us at: +1 (858) 779 - 1554. According to the complaint the plaintiff alleges that Bare Escentuals, Inc. (Public, NASDAQ:BARE)

and certain of its executives violated the Exchange Act by failing to disclose between November 7, 2006 and November 26, 2007material adverse facts about Bare Escentuals‘s true financial condition, business and prospects. On August 1, 2007, Bare Escentuals announced its financial results for the second quarter of fiscal 2007, the period ended July 1, 2007. That same day, Bare Escentuals held a conference call with investors and analysts to discuss its earnings and operations, during which it was revealed that its infomercial sales were weakening. In response to this announcement, the price of Bare Escentuals common stock (Nasdaq:BARE) fell $3.55 per share, or approximately 13%, to close at $24.75 per share. Then on October 31, 2007, Bare Escentuals announced its financial results for the third quarter of fiscal 2007, the period ended September 30, 2007. Following the press release, Bare Escentuals held a conference call with investors and analysts to discuss its earnings and operations, during which it was revealed that it had seen continued weakness in its infomercial business. In response to this announcement, so the lawsuit, the price of Bare Escentuals common stock fell $2.24 per share, or approximately 8%, to close at $24.70 per share. On November 26, 2007, Bare Escentuals announced that President of Wholesale Sales Diane Miles had resigned to “pursue other opportunities, effective immediately,” which resulted in shares of Bare Escentuals stock Nasdaq:BARE falling $3.42 per share over the next two trading days, to close at $19.75 per share on November 28, 2007.
Bare Escentuals, Inc, located in San Francisco, California, develops, markets and sells cosmetics, skin care and body care products under its bareMinerals, RareMinerals, Buxom and md formulations brands worldwide. Shares of Bare Escentuals, Inc. (Public, NASDAQ:BARE) closed on Friday, July 17, 2009, at $8.00 per share, down from a 52weekHigh of $18.77 per share, $27.38 per share in February 2008, and over $40 per share in 2007. Bare Escentuals, Inc. reported in 2007 Total Revenue of $511million with a Net Income of $88.07million and in 2008 Total Revenue of $556.16million with a Net Income of $97.96million.