Faruqi & Faruqi, LLP Announces Investigation of Timberland Co.
28 Juin 2011 - 4:48PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at Timberland
Co. (“Timberland” or the “Company”) (NYSE: TBL). Faruqi &
Faruqi, LLP seeks to determine whether Timberland violated federal
securities laws in connection with statements made to the Company’s
shareholders during the period between February 17, 2011 and May 4,
2011, inclusive (the "Class Period").
Request more information now by clicking here:
www.faruqilaw.com/TBL
The investigation focuses on whether certain individuals at
Timberland violated federal securities laws by, among other things,
failing to disclose during the Class Period that demand for the
Company’s key products had actually dramatically declined, that the
Company’s inventory levels were rising, and that Timberland had
significantly increased the Company’s advertising spending in order
to buttress sagging sales demand. Instead, Timberland made
contradictory statements that sales trends, cost discipline and
inventory levels merited an anticipated return to a 15% operating
profit. On May 5, 2011, Timberland disclosed financial results for
the Company’s first quarter of 2011 that far underperformed those
which Timberland had led the market to expect during the Class
Period, as a result, the value of Timberland stock declined
significantly.
Take Action
If you purchased Timberland securities between the Class Period
and you would like to discuss your legal rights, visit
www.faruqilaw.com/TBL. You can also contact us by calling Juan E.
Monteverde toll free at 877-247-4292 or at 212-983-9330 or by
sending an email to jmonteverde@faruqilaw.com. Faruqi & Faruqi,
LLP also encourages anyone with information regarding Timberland’s
conduct during the period in question to contact the firm,
including whistleblowers, former employees, shareholders and
others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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