Robbins Umeda LLP Announces Investigation of G-III Apparel Group, Ltd.
June 08 2010 - 5:57PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of the law by
certain officers and directors at G-III Apparel Group, Ltd.
("G-III" or the "Company") (NASDAQ: GIII). G-III together with its
subsidiaries, designs, manufactures, imports, and markets a range
of outerwear and sportswear apparel to retailers primarily in the
United States. The Company was founded in 1956 and is headquartered
in New York, New York.
Robbins Umeda LLP's investigation concerns whether certain of
G-III's directors and officers breached their fiduciary duties
through the manipulation of stock option grant dates with the goal
of secretly maximizing profits from the stock options, a practice
commonly referred to as "backdating." Our investigation has
revealed that certain of G-III's stock option grants to officers
and directors were priced at or near the lowest closing price for
the month, quarter, and/or year.
If you purchased your shares of G-III's stock prior to April
1999, continue to hold your shares, and would like more information
about your rights as a shareholder, please contact attorney Gregory
E. Del Gaizo at 800-350-6003 or by e-mail at
inquiry@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm, which has
significant experience representing investors in shareholder
derivative actions, securities fraud class actions, and
merger-related shareholder class actions. For more information
about the firm, please go to http://www.robbinsumeda.com.
Advertisement
G III Apparel (NASDAQ:GIII)
Historical Stock Chart
From May 2024 to Jun 2024
G III Apparel (NASDAQ:GIII)
Historical Stock Chart
From Jun 2023 to Jun 2024