Men's Wearhouse Securities Suit Gets The Boot

Law360, New York (July 25, 2011, 2:33 PM EDT) -- A Texas federal judge put the kibosh Friday on a proposed class action accusing The Men's Wearhouse Inc. insiders of making $16.7 million from inflated stock prices, admonishing shareholders for doing "exactly what the law was reformed to stop."

The plaintiff, Material Yard Workers Local 1175 Benefit Funds, hadn't shown anything beyond a drop in stock price to indicate fraud, according to U.S. District Judge Lynn N. Hughes. The fund "has taken an unfortunate result — the drop in the price of stock in Men's Wearhouse...
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Case Information

Case Title

Material Yard Workers Local 1175 Benefit Funds v. Men's Wearhouse, Inc. et al

Case Number



Texas Southern

Nature of Suit



Judge Lynn N. Hughes

Date Filed

October 8, 2009

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