Aeropostale Investors Get Class Cert. In Stock Fraud Suit

Law360, Chicago (July 18, 2013, 4:00 PM EDT) -- A New York federal judge on Wednesday certified a class of shareholders in a suit accusing clothing retailer Aeropostale Inc. of defrauding investors by hiding financial troubles brought on by a failed attempt to remake its teeny-bopper brand.

The lead plaintiff — the city of Providence, R.I. — and the defendants all agreed class certification was appropriate in the case and came to terms on the scope of the class, according to a stipulated order signed by U.S. District Judge Colleen McMahon.

The class consists of...
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