Faruqi & Faruqi, LLP Is Investigating The Talbots, Inc. On Behalf Of Its Shareholders

Faruqi & Faruqi, LLP Is Investigating The Talbots, Inc. On Behalf Of Its Shareholders - TLB

Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors and Officers of The Talbots, Inc. (“Talbots” or the “Company”) (NYSE: TLB). The investigation focuses on possible breaches of fiduciary duties by the Board of Directors and/or Officers of the Company in connection with allegations that the Company may have issued materially inaccurate statements to investors.

On April 13, 2010, Talbots reported that the adjusted fourth quarter income from continuing operations had increased to $7.4 million, compared to the prior year’s adjusted loss from continuing operations of $123.4 million. Throughout the remainder of 2010, Talbots continued to release statements regarding the Company’s positive performance compared to years past. However, on December 7, 2010, Talbots abruptly reported disappointing results for the third quarter of 2010. In particular, the Company reported that net sales for the third quarter of 2010 decreased 3.2% and that the Company’s comparable store sales were down 7.1%. The Company also reported an 11.3% increase in total inventory. On this news, Talbots’ stock dropped 22.6%. Furthermore, on January 11, 2011, Talbots provided a Business Update which disclosed the Company’s expected full year adjusted earnings per share to be in the range of $0.56-$0.60 per share, a departure from its previously announced range of $0.70-$0.78 per share. The Company’s value dropped another 17.4% following this news.

Request more information now by clicking here: www.faruqilaw.com/TLB or call us at 877-247-4292.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and derivative litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Talbots and wish to obtain additional information, please visit us at http://www.faruqilaw.com/TLB or contact Beth A. Keller, Esq. either via email at bkeller@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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