homeimgo
Home
About Our Firm
Our Areas of Practice
Our Attorneys
Recently Filed Actions
Join a Class Action
Report Fraud
Significant Recoveries
Notices & Proof of Claims
Contact Us

KAPLAN FOX & KILSHEIMER LLP FILES SECURITIES
FRAUD CLASS ACTION AGAINST
THE WARNACO GROUP, INC.

NEW YORK August 25, 2000- Kaplan Fox & Kilsheimer LLP
(
www.KaplanFox.com) has filed a Class Action against The Warnaco Group, Inc. and certain of the Company's officers and directors in the United States District Court for the Southern District of New York.  The suit is brought on behalf of all persons or entities who purchased the common stock of The Warnaco Group, Inc. ("Warnaco" or the "Company") (NYSE: WAC) between September 17, 1997 through July 20, 2000 (the "Class Period").

The complaint charges Warnaco and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants' made false and misleading statements about the strong sales of Warnaco's existing Calvin Klein products, and its purported strong revenues and earnings, together with the quality and value of its inventory. The complaint further alleges that, defendants' engaged in a fraudulent scheme and course of business that (i) deceived the investing public regarding Warnaco's prospects and business; (ii) artificially inflated the prices of Warnaco's common stock; (iii) allowed defendants to sell over 1 million shares of their Warnaco stock for $14.6 million in insider trading proceeds; (iv) allowed defendants to use Warnaco stock as currency to fund its stock-for-stock acquisitions; and (v) caused plaintiff and other members of the Class to purchase Warnaco common stock at inflated prices.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP which has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com. If you are a member of the Class, you may move the court no later than October 22, 2000, to serve as a lead plaintiff for the Class.   In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Frederic S. Fox, Esq.
Janine R. Azriliant, Esq.
Hae Sung Nam, Esq.
Kaplan Fox & Kilsheimer LLP
805 Third Avenue - 22nd Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address:
mail@KaplanFox.com

Back to the Main List

Please Click Here to Join the Class Actions or Request Information

 

 | HOME | | ABOUT OUR FIRM | | OUR AREAS OF PRACTICE |

| OUR ATTORNEYS | | RECENTLY FILED ACTIONS | | CONTACT US |

For additional information about Kaplan Fox & Kilsheimer LLP

contact (mail@KaplanFox.com)

© Copyright 2001, Kaplan Fox & Kilsheimer LLP