Harwood Feffer LLP ( www.hfesq.com ) announced today that a class action complaint has been filed against The Timberland Company (“Timberland” or the “Company”) (NYSE:TBL) and certain of the Company’s officers for violations of the Securities Exchange Act of 1934. The action, brought on behalf of those purchasing the common stock of Timberland between February 17, 2011 and May 4, 2011, inclusive (the “Class Period”), is pending in the United States District Court for the District of New Hampshire.

Harwood Feffer LLP encourages investors who have losses in excess of $100,000 from investment in Timberland to inquire about the lead plaintiff position in a securities fraud class action before the August 5, 2011 deadline.

No class has yet been certified in the above action. Class members will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than August 5, 2011 and be selected by the court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages to serve as a lead plaintiff. You may contact Harwood Feffer LLP at its website (http://www.hfesq.com) or by email to clowther@hfesq.com to ask any questions you may have in that regard.

The filed complaint alleges that, during the Class Period, the Company disseminated overly optimistic statements about then-present sales trends, cost discipline and inventory levels and an anticipated return to a 15% operating profit, and that, as a result of these representations, Timberland share prices traded at artificially inflated prices. However, at the same time the Company was making such statements, certain of its officers and directors concealed that demand for Timberland’s key products had actually declined dramatically, its inventory levels were rising, and Timberland had significantly increased advertising spending to counter lackluster sales, thereby materially decreasing operating income. On May 5, 2011, Timberland disclosed the financial results for the Company’s first quarter 2011 that were far below its bullish Class Period public statements. As a result of this revelation, prices of the Company’s common stock plummeted.

For over two decades, Harwood Feffer has been a nationally recognized firm that specializes in complex, multi-party litigation with an emphasis on securities, ERISA, consumer fraud, products liability and civil rights litigation. Harwood Feffer serves as lead counsel in numerous class actions on behalf of investors, employees, and consumers and has recovered hundreds of millions of dollars in recoveries for its clients. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

If you purchased Timberland shares and suffered a loss in excess of $100,000 during the Class Period and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Harwood Feffer LLPAttorneys:Robert I. HarwoodJeffrey M. Norton488 Madison Ave., 8th FloorNew York, NY 10022rharwood@hfesq.comjnorton@hfesq.comtel. 877-935-7400http://www.hfesq.com

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Timberland A (NYSE:TBL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Timberland A Charts.
Timberland A (NYSE:TBL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Timberland A Charts.