The Shareholders Foundation announces that an investigation on behalf of investors of Elizabeth Arden, Inc. (NASDAQ:RDEN) shares was launched over potential securities laws violations.
Investors who purchased shares of Elizabeth Arden, Inc. (NASDAQ:RDEN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Elizabeth Arden, Inc. (NASDAQ:RDEN) concerning whether certain statements regarding by Elizabeth Arden’s business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Elizabeth Arden, Inc. (NASDAQ:RDEN) grew from $24.28 per share in early 2011 to as high as $48.80 per share in May 2013.
On August 8, 2013, Elizabeth Arden, Inc announced its fourth quarter and fiscal 2013 results.
Elizabeth Arden, Inc. reported that its Total Revenue increased from over $1.23 billion for the 12 months period that ended on June 30, 2012 to over $1.34 billion for the 12 months period that ended on June 30, 2013. Shares of Elizabeth Arden, Inc declined from almost $49 per share in May 2013 to as low as $25.92 per share in February 2014.
On July 1, 2014, NASDAQ:RDEN closed at $20.79 per share.
Those who purchased shares of Elizabeth Arden, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com