Aeropostale (ARO -1.8%) fails in attempt to win dismissal of a shareholder lawsuit. A district...

|By:, SA News Editor

Aeropostale (ARO -1.8%) fails in attempt to win dismissal of a shareholder lawsuit. A district judge says there is a "strong inference" that the retailer's CEO and CFO painted a far too "rosy" picture during 2011 when the company was "in full panic mode" thanks to a "huge merchandising mistake."