Faruqi & Faruqi, LLP Announces Investigation of Aeropostale, Inc. (ARO)
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Aeropostale, Inc. (“Aeropostale” or the “Company”) (NYSE: ARO). Faruqi & Faruqi, LLP seeks to determine whether certain officers and directors at Aeropostale violated federal securities laws in connection with statements made to the Company’s shareholders.
On August 4, 2011, Aeropostale shocked the market by releasing a disappointing business update for Q2 2011. For the quarter, the Company’s reported sales of $468.2 million, a decrease of 5% from Q2 2010. Expected net earnings were also drastically reduced to a range of $0.02 - $0.03 per share from prior Company’s guidance of $0.11 - $0.16 per share. In response to Aeropostale’s announcement, the Company’s stock price plummeted 24%.
If you purchased Aeropostale securities between February 3, 2011 and August 3, 2011 and you would like to discuss your legal rights, contact us by calling Anthony Vozzolo or Richard W. Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Aeropostale’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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