Limited Brands, Inc. hit by shareholder lawsuit

Shareholders Foundation, Inc., Mail@ShareholdersFoundation, www.ShareholdersFoundation.com

2009-11-06 23:23:44 - Lawsuit on behalf of certain investors in Limited Brands, Inc. (Public, NYSE:LTD) over alleges securities laws violations by Limited Brands, Inc – Deadline: January 05, 2010 – Contact the Shareholders Foundation, Inc at mail@shareholdersfoundation.com

An investor in Limited Brands, Inc. (Public, NYSE:LTD) filed a lawsuit in the United States District Court for the Southern District of Ohio on behalf of purchasers of Limited Brands, Inc. (NYSE:LTD) common stock during the period of August 22, 2007 through February 28, 2008, over alleged violations of the Federal Securities Laws by Limited Brands and others.

If you purchased

of Limited Brands, Inc. (NYSE:LTD) common stock during the period of August 22, 2007 through February 28, 2008, you have certain options and there are strict and short deadlines running. Deadline: January 05, 2010. Those LTD investors and current long term investors should contact the Shareholders Foundation, Inc. at Email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554

According to the complaint the plaintiff alleges that Limited Brands and certain of its officers and directors violated the Exchange Act of 1934 by issuing between August 22, 2007 and February 28, 2008 numerous positive statements regarding its financial condition, business and prospects that were materially false and misleading when made because defendants failed to disclose adverse events surrounding the development of a new warehouse and certain technology. On February 27, 2008, Limited Brands issued a press release reporting fourth quarter and full year 2007 earnings. This press release significantly lowered the Company’s previously issued guidance for 2008 and in response to the announcement, the price of Limited Brands common stock fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008 on heavy trading volume, so the lawsuit. Limited Brands, Inc. located in Columbus, Ohio, reported in 2007 Total Revenue of $10.134billion with a Net Income of $718million and in 2008 Total Revenue of $9.043billion with a Net Income of $220.00million. Limited Brands is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories under various trade names. The Company sells its merchandise through the retail stores in the United States and Canada, which are primarily mall-based, and through its Websites and catalogues. Limited Brands, Inc. shares NYSE:LTD traded recently at $18.18 per share, down from over $20 per share in 2008, and almost $30 per share in 2007. Those who purchased of Limited Brands, Inc. (NYSE:LTD) common stock during the period of August 22, 2007 through February 28, 2008, have certain options and there are strict and short deadlines running. Deadline: January 05, 2010. Those LTD investors and current long term investors should contact the Shareholders Foundation.