NEW YORK, April 27, 2015 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of HanesBrands Inc.
("HanesBrands" or the "Company") (NYSE: HBI). Such investors
are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
237.
The investigation concerns whether HanesBrands and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On April 23, 2015, HanesBrands
announced its financial results for the first quarter ended
April 4, 2015. The Company reported
net sales increased 14 percent to revenue of $1.21 billion and adjusted EPS excluding actions
increased 16 percent to $0.22 cents
per share for the quarter, which were both below analysts'
expectations.
On this news, shares of HanesBrands fell $2.36 per share, to $32.22, or more than 6.8%, in intra-day trading
on April 24, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San
Diego and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 70 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP