|Company:||Five Below, Inc.|
|Class Period:||Jun-5-14 to Jan-4-15|
|Lead Plaintiff Deadline:||Mar-21-15|
|Court:||Eastern District of Pennsylvania|
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that its two founders intended to step down as CEO and Chairman, and that demand for the new 2014 Holiday merchandize line was so soft as to force the Company to resort to discounting, and that the cost increases for the Company's second distribution center were negatively affecting annual profits. According to the complaint, following the Company's December 4, 2014 announcement that its sales growth had slowed, that it was reducing its sales and profit forecasts, and that the Company's two founders announced their resignations as CEO and Chairman, the value of Five Below shares declined significantly.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.