UPDATE - SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Five Below, Inc. and Its Board o...
January 29 2015 - 9:04AM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern
District of Pennsylvania on behalf of investors who purchased Five
Below, Inc. ("Five Below" or the "Company") (Nasdaq:FIVE)
securities between June 5, 2014 and December 4, 2014.
For more information, click here:
http://zlk.9nl.com/five-below-five.
The complaint alleges that while the Company concealed from
investors that its two founders intended to step down as CEO and
Chairman, it also raised its fiscal 2014 sales and earnings
guidance twice. The complaint further alleges that during this time
Five Below's founders and Chief Financial Officer sold almost $30
million worth of their personally held shares at fraud-inflated
prices.
On December 4, 2014, Five Below disclosed that its sales growth
had slowed and that it was reducing its sales and profit forecasts;
it was also disclosed that the Company's founders were resigning as
CEO and Chairman. Upon this news, shares of Five Below fell more
than 12 percent.
If you suffered a loss in Five Below you have until March 10,
2015 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/five-below-five.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits and
have helped shareholders recover millions of dollars in losses over
the years. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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