| COMPANY |
L Brands, Inc. |
| COURT |
United States District Court for the Southern District of Ohio |
| CASE NUMBER |
19-cv-03186 |
| JUDGE |
The Hon. Sarah D. Morrison |
| CLASS PERIOD |
May 31, 2018 and November 19, 2018 |
| SECURITY TYPE |
Common stock |
Case Background:
On July 23, 2019, the initial complaint in this securities class action was filed against L Brands Inc. (“L Brands”), and certain of L Brands’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all purchasers of L Brands, Inc. common stock between May 31, 2018 and November 19, 2018, the (“Class Period”) both dates inclusive.
The complaint alleges that during the Class Period, Defendants made materially false and misleading statements and/or failed to disclose adverse information regarding L Brands’s business and prospects. Specifically, the complaint alleges that, prior to and during the Class Period, L Brands’s Victoria’s Secret and PINK businesses began to experience deteriorating operating performance due to, among other things, increased competition from new lingerie brands.
Current Status of Case:
On October 16, 2020, the Court entered an Opinion and Order granting Defendants’ Motion to Dismiss the complaint with prejudice, and Judgment was entered closing the case. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.