NEW YORK- December 11, 2007
Wolf Popper LLP has filed a securities fraud lawsuit on behalf of investors who purchased Genesco Inc. (NYSE:GCO) securities on an open market from May 31, 2007 through November 16, 2007.
The action is pending in the U.S. District Court, SDNY (Index No. 07-cv-11146), against Genesco and Hal N. Pennington (Chairman, CEO). The complaint can be obtained from the Court or at http://www.wolfpopper.com/.
The complaint alleges that defendants knowingly misrepresented Genesco=s projected financial results and fraudulently induced Finish Line Inc. to enter into a merger agreement to acquire Genesco for $54.50 per share, and UBS Loan Finance LLC to provide financing to Finish Line for the transaction. UBS has alleged in a lawsuit that Genesco committed fraud in connection with Genesco's merger with Finish Line.
After the truth was revealed to the market on November 16, 2007, Genesco=s stock price fell from $39.23 to $29.98, a staggering 24% drop.
If you bought Genesco securities on an open market from May 31, 2007 through November 16, 2007, and lost money, you may, no later than February 4, 2008, request that the Court appoint you as lead plaintiff. You may retain Wolf Popper LLP, or other counsel of your choice, to serve as your counsel in this action.
Wolf Popper LLP (http://www.wolfpopper.com) has taken a leading role in many important actions on behalf of defrauded investors, consumers, and others for nearly 60 years. Please contact the Wolf Popper website for more information about the firm. If you wish to discuss this action, participate in this suit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:
James Kelly‑Kowlowitz, Esq. (Jkelly@wolfpopper.com)Wolf Popper LLP
845 Third Avenue
New York, NY 10022
Tel.:212.759.4600
Toll Free:877.370.7703
Fax:212.486.2093
Toll Free Fax:877.370.7704
Email: mailto:irrep@wolfpopper.com