Case Information: Body Central CorporationSymbol: BODY
Purchase Dates: November 10th, 2011 - June 18th, 2012
Deadline for Filing Lead Plaintiff Motion: September 29th, 2012
Download the Complaint: Body Central Complaint
The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Middle District of Florida on behalf of purchasers of the common stock of Body Central Corporation ("Body Central" or the "Company") (NASDAQ: BODY) between November 10, 2011 and June 18, 2012, inclusive (the "Class Period").
The Complaint alleges that Body Central and certain of its officers and directors violated the federal securities laws. Specifically, defendants failed to disclose the following adverse facts: (i) that the Company's merchandise miss was not an isolated, quickly fixable event, but would take at least several quarters to remedy and would have a material, negative impact on the Company's financial results; (ii) that the Company's stores were experiencing increasingly poor performance and financial results; and (iii) that defendants issued materially false statements regarding the Company's operations and its business and financial results and outlook.
On May 3, 2012, Body Central issued a weak forecast for second quarter and full year earnings, pointing to an expected decrease in comparable store sales. On this news, Body Central fell $14.04 to close at $14.88 per share on May 4, 2012. Then, on June 18, 2012, Body Central revised sales and earning guidance for its second quarter and full year 2012. On this news, Body Central fell $7.77 to close at $8.22 per share.
If you are a member of the class, you may, no later than October 29, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/bodycentral/, or contact Izard Nobel LLP toll-free: (800)797-5499, or by e-mail: firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.izardnobel.com.