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IN RE ASCENA RETAIL GROUP, INC. SECURITIES LITIGATION
Case Number:
2:19-cv-13529
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 28, 2022
Former Ann Taylor Execs Beat Claims Of Duping Investors
Former executives with the onetime owner of the Ann Taylor retail clothing brand defeated class claims alleging that they overstated the company's value before unveiling a roughly $1.3 billion impairment, with a New Jersey federal judge on Tuesday concluding that their "rosy" estimates did not amount to duping investors.
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August 07, 2019
3 Firms Seek Lead In Investor Suit Over Ann Taylor Buy
Pomerantz LLP, Robbins Geller and Johnson Fistel vied for the role of lead counsel in New Jersey federal court Tuesday in two proposed class actions accusing Ascena Retail Group of misleading shareholders about the financial expectations of its acquisition of women's apparel group Ann Inc.
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June 10, 2019
Ann Taylor Acquirer Hid Underperforming Sales, Investor Says
An Ascena Retail Group stockholder has filed suit in New Jersey federal court alleging executives promised more than $1 billion in projected earnings and efficiencies from its acquisition of women's apparel group Ann Inc., only to become saddled with unexpected expenses and underperforming brands.