December 12, 2013
Bernstein Liebhard LLP today announced that it is investigating possible breaches of fiduciary duties by certain senior executives and members of the Board of Directors of Francesca’s Holdings Corporation (“Francesca’s” or “the Company”) (NASDAQ: FRAN). The investigation centers on whether these executives and directors breached their fiduciary duties to and harmed the Company by: (i) subjecting Francesca’s to costly and potentially devastating litigation by allegedly disseminating materially false and misleading information that acted to artificially inflate Francesca’s stock price; and (ii) selling substantial portions of their personal Company stock holdings – before they disclosed the truth about Francesca’s – for proceeds of more than $200 million, while in possession of adverse, nonpublic information about the Company.
If you are interested in discussing your rights as a Francesaca’s shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.
