Class Action Lawsuit Against Zale Corporation
Another class action lawsuit has been filed in the United States District Court for the Northern District of Texas by Lerach Coughlin Stoia Geller Rudman & Robbins LLP on behalf of purchasers of Zale Corporation common stock during the period between February18, 2005 and May 5, 2006 (the “Class Period”), charges Zale and certain of its officers and directors with violations of the Securities Exchange Act of 1934
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and financial results. As a result of defendants’ false statements, Zale’s stock traded at artificially inflated prices during the Class period, reaching a high of $34.42 per share in August2005. Defendants took advantage of the inflation in Zale’s stock price caused by their misstatements, selling $15.8 million worth of their Zale stock.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from July 19, 2006.
Filed under Class Action, General Law
You may also like to read
- Security Class Action Lawsuit against Zale Corporation
- $1.8 Million Class Action Settlement Approved Against Hilton Corporation
- Sipex Corporation in $6 Million Shareholder Class Action Settlement
- Fremont General Corporation in Two Pention Plans Class Action Lawsuit
- Mikohn Gaming Corporation in Securities Class Action Suit
- Securities Class Action Lawsuit Against Centene Corporation
- Bayer Corporation Class Action Lawsuit Continues
- Class Action Lawsuit Filed Against Brantley Capital Corporation
- El Paso Corporation Settles $273 Million Shareholder Class Action And Derivative Lawsuits
- Navarre Corporation in Class Action Lawsuit Settlement
