An investigation for investors of Men’s Wearhouse Inc shares over potential securities laws violations by Men’s Wearhouse was announced.
Investors who purchased shares of Men’s Wearhouse Inc (NYSE:MW), 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 Men’s Wearhouse Inc (NYSE:MW) concerning whether a series of statements by Men’s Wearhouse Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Men’s Wearhouse Inc reported that its Total Revenue rose from over $2.47 billion for the 12 months period that ended on February 1, 2014 to over $3.25 billion for the 12 months period that ended on January 31, 2015, while its Net Income of $83.79 million for the 12 months period that ended on February 1, 2014 declined to a Net Loss of $0.39 million for the 12 months period that ended on January 31, 2015.
Shares of Men’s Wearhouse Inc (NYSE:MW) grew from $28.10 per share in February 2013 to as high as $65.61 per share in June 2015.
On November 5, 2015, Men’s Wearhouse Inc (NYSE:MW) provided preliminary third quarter results and updated its fiscal year 2015 outlook. Men’s Wearhouse Inc said that it is providing an update to reflect significant comparable sales weakness at Jos. A. Bank.
Shares of Men’s Wearhouse Inc (NYSE:MW) declined from $41.93 per share on November 3, 2015 to as low as $18.09 per share on November 17, 2015.
Those who purchased shares of Men’s Wearhouse Inc (NYSE:MW) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com