EQUITY ALERT: The Rosen Law Firm Announces Investigation of Civil Securities Claims Against Hanesbrands Inc. – HBI
April 24 2015 - 11:11PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
it is investigating potential civil securities claims on behalf of
investors of Hanesbrands Inc. (NYSE:HBI) resulting from allegations
that Hanes may have issued materially misleading business
information to the investing public.
Between January 1, 2015 and April 8, 2015, Hanes CEO and
Chairman of the Board Richard Noll sold approximately $76 million
in Hanes stock. On April 23, 2015, Hanes announced its financial
results for the first quarter of 2015. The Company reported revenue
of $1.21 billion and earnings of 22 cents per share for the
quarter, which were both below analysts’ expectations. On this
news, shares of Hanes fell $2.36 per share or over 6% to close at
$32.22 per share on April 23, 2015.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Hanes investors. If you purchased shares
of Hanes on or before April 23, 2015, please visit the firm’s
website at http://rosenlegal.com/cases-590.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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