Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Light
Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline in the Class Action Lawsuit against LightInTheBox Holding Co., Ltd.
LOS ANGELES--(BUSINESS WIRE)-- Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of LightInTheBox Holding Co., Ltd. ("LITB" or the "Company") (NYS: LITB) between June 6, 2013 and August 19, 2013, inclusive (the "Class Period'), have until October 28, 2013 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224 OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
LITB, through its subsidiaries, operates as an online retailing company and provides apparel products, including special occasion apparel, such as wedding dresses, bridesmaid dresses, groom wear, cocktail dresses, formal evening wear, graduation dresses, and accessories. The Complaint alleges that defendants issued false and/or misleading statements and/or failed to disclose that: (1) LITB's sales growth had dramatically decreased during the second quarter of 2013; (2) the Company's costs had grown more than its sales during the second quarter of 2013; and (3) as a result of the foregoing, the Company was not on track to achieve the financial results defendants had led the market to expect during the Class Period.
If you are a member of the Class described above you may move the Court no later than October 28, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.
To learn more about this action or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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