Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in Men's Wearhouse Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsu

October 14, 2009 5:38 PM EDT

BALTIMORE, MD -- (MARKET WIRE) -- 10/14/09 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of purchasers of the common stock of Men's Wearhouse Inc. ("Men's Wearhouse" or the "Company") (NYSE: MW) during the period between March 7, 2007 and January 9, 2008, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 7, 2009 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff. You may contact Brower Piven (through hoffman@browerpiven.com or 410/986-0036) to answer any questions you may have in that regard.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that the Company's K&G division was performing poorly and not meeting internal expectations. The significant difficulties integrating the After Hours acquisition caused a severe disruption in that division's business and reduced sales volumes below budgeted levels forcing the need to significantly discount products beyond customary discounts which would further erode earnings, thus supporting the allegation that defendants' positive statements concerning the Company's guidance and prospects were lacking in a reasonable basis at all relevant times.

According to the complaint, after the Company announced its mid fourth quarter update for the quarter ending February 2, 2008 and reduced guidance for fiscal 2007 on January 9, 2008, the value of the Company's stock declined significantly.

If you have suffered a net loss for all transactions in Men's Wearhouse Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?