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NEW YORK, April 01, 2016 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Tailored Brands, Inc. (“Tailored Brands”) (NYSE:TLRD) (formerly The Men’s Wearhouse, Inc.) between June 18, 2014 and December 9, 2015. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of Texas. To get more information go to:
http://www.zlk.com/pslra/tailored-brands
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
