Haeggquist & Eck, LLP Is Investigating Claims Against GUESS?, Inc.’s Directors and Officers for Breach of Fiduciary Duty
February 25 2021 - 5:53PM
Business Wire
Haeggquist & Eck, LLP, a leading shareholder rights
litigation firm, is investigating whether certain directors and
officers of GUESS?, Inc. (“GUESS”) (NYSE:GES) breached their
fiduciary duties to GUESS and its shareholders. If you are a GUESS
shareholder, you are encouraged to contact Amber Eck at Haeggquist
& Eck for additional information.
GUESS designs, markets, distributes, and licenses apparel and
accessories for men, women, and children. Haeggquist & Eck is
investigating whether members of GUESS’s board of directors or
senior management failed to manage GUESS in an acceptable manner,
in breach of their fiduciary duties to GUESS, and whether GUESS has
suffered damages as a result.
On January 19, 2021, a fashion model filed a complaint against
GUESS and its co-founder and director Paul Marciano, alleging that
“GUESS has known for over a decade that Paul Marciano is a
recidivist sexual predator, and has chosen to harbor and enable him
as he devastates women’s lives. Instead of listening to at least
seven women who went on the record against its Founder, Board
member and Chief Creative Officer, GUESS has kept Marciano at its
helm, allowing him to continue to use his prestigious position to
lure and sexually assault more young female models.”
The complaint, Jane Doe v. Paul Marciano, GUESS?, Inc., et al.,
alleges that “GUESS has been on notice since at least 2009 that
Marciano sexually harasses and assaults female models,” that
Marciano was sued in 2009 by a model, and GUESS “publicly settled
five more sexual assault claims against him in 2018 for
$500,000.”
What You Can Do
If you are a GUESS shareholder, you may have legal claims
against its directors and officers. If you wish to discuss this
investigation, or have questions about your legal rights, please
contact attorney Amber Eck at 619-342-8000 or e-mail her at
ambere@haelaw.com. There is no cost or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210225006271/en/
Haeggquist & Eck, LLP 619-342-8000 Amber Eck,
ambere@haelaw.com
Guess (NYSE:GES)
Historical Stock Chart
From Aug 2024 to Sep 2024
Guess (NYSE:GES)
Historical Stock Chart
From Sep 2023 to Sep 2024