Shareholder Alert: Robbins Arroyo LLP Announces Complaint Filed Against Ascena Retail Group, Inc. (ASNA)
ASCENA RETAIL GROUP (ASNA)
Last ascena retail group earnings: 6/10 04:06 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
SAN DIEGO & MAHWAH, N.J.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Ascena Retail Group, Inc. (NASDAQ: ASNA) filed a derivative complaint against the company's officers and directors for breach of fiduciary duties and unjust enrichment from September 16, 2015 to the present. Ascena Retail Group, Inc. operates as a specialty retailer of apparel, shoes, and accessories for women and girls.If you suffered a loss as a result of Ascena's misconduct, click here.Ascena Retail Group, Inc. (ASNA) Accused of Misleading ShareholdersAccording to the derivative complaint, Ascena touted its acquisition of ANN Inc. as positive and having potential for continued growth. However, Ascena's acquisition of ANN Inc. was a complete disaster from the beginning due to ANN Inc.'s poor business operations. Ascena's officers and directors concealed this reality from investors by improperly delaying their recognition of an impairment charge made on the valu
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