Disgruntled shareholders sue Francesca's


A group of shareholders file a lawsuit against Francesca's (FRAN +2%) over alleged security violations.

In the complaint, the retailer stands accused of failing to disclose the level of discounting it undertook in Q1 just to meet financial targets.

Shares of FRAN are down 41% over the last 90 days with a Q2 earnings miss helping to account for a good portion of the decline.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs