SAN DIEGO, July 15, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against L Brands, Inc. ("L Brands") (NYSE: LB) for violations of
federal securities laws.
After the market closed on November 19,
2018, L Brands issued a press release announcing its
financial results for the 2018 third quarter, the period ended
November 3, 2018. The press
release also announced the L Brands intended to reduce its annual
ordinary dividend to $1.20 from
$2.40 beginning with the quarterly
dividend to be paid in March 2019 in
order to deleverage Company's balance sheet over time.
Following this news, the price of L Brands common stock declined
approximately 18% on extremely heavy trading volume,
from $34.55 per share on November 19, 2018 to $28.43 per share on November 20, 2018.
If you lost money, realized or unrealized on your L Brands
investment, and are interested in learning more about
the investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP