The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of Texas on behalf of investors who purchased Tailored Brands, Inc. (NYSE: TLRD) securities between June 18, 2014 and December 9, 2015.
On June 18, 2014, Tailored Brands (then known as The Men’s Wearhouse) announced the completed acquisition of Jos. A. Bank Clothiers, Inc. for $65.00 per share. CEO and President Doug Ewert referred to the newly-combined entity as a “truly great company for all our stakeholders.” Then in November of 2015, the Company announced preliminary third quarter results and an updated fiscal year 2015 outlook. Investors were told there were “significant comparable sales weakness at Jos. A. Bank.” The Company also acknowledged that fourth quarter comparable sales at Jos. A. Bank were expected to be down between 20 to 25% from the prior year’s fourth quarter. On December 9, 2015, the Company released third quarter earnings that were worse than previously predicted just weeks earlier.
If you suffered a loss in Tailored Brands you have until May 31, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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