This lawsuit is for investors who purchased the common stock of Zale Corporation (NYSE: ZLC) between November 16, 2006 and October 29, 2009.
The lawsuit alleges that the Company and certain of its executives violated federal laws. Specifically, lawsuit alleges that throughout the time period mentioned above the Company and certain of its executives made materially false and misleading statements concerning, among other things, Zale's revenues for its fiscal years 2008 and 2009.
On October 29, 2009, the Company filed its Annual Report with the United States Securities and Exchange Commission for the fiscal year ended July 31, 2009, containing restated financial information for fiscal years 2008 and 2009 to reflect certain accounting adjustments for advertising costs, intercompany accounts receivable, depository bank accounts, federal income taxes, and personal property taxes. Therein, Zale further disclosed that the SEC is investigating the accounting issues that led the Company to restate its earnings for the fiscal years 2008 and 2009. On this news, shares of Zale declined $1.66 per share, nearly 26%, to close on October 30, 2009, at $4.73 per share, on unusually heavy volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in Zale Corporation (NYSE: ZLC) between between November 16, 2006 and October 29, 2009 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
Terms:
correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
