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Abercrombie & Fitch Loses Dismissal Bid

Law360 (August 13, 2007, 12:00 AM EDT) -- The federal judge overseeing consolidated securities litigation against Abercrombie & Fitch Co. over allegations that the clothing retailer concealed evidence of diminishing sales has rejected the defendants' bid for dismissal.

U.S. District Judge Edmund A. Sargus on Thursday handed down a 30-page opinion and order denying Abercrombie & Fitch's motion to dismiss the amended complaint, which was filed on behalf of those who purchased Abercrombie & Fitch's securities between June 2, 2005 and Aug. 16, 2005.

Plaintiffs' liaison counsel Brian Murphy said Monday the discovery will...
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