December 9, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Express, Inc. (NYSE:EXPR) shares over potential securities laws violations by Express and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Express, Inc. (NYSE:EXPR) concerning whether a series of statements by Express, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Express, Inc. reported that its Total Revenue rose from over $1.72 billion for the 52 weeks period that ended on Jan. 30, 2010 to over $2.14 billion for the 53 weeks period that ended on Feb. 2, 2013 and that its respective Net Income rose from $75.31 million to $139.27 million.

Shares of Express, Inc. grew from $10.85 per share in late 2012 to as high as $24.95 per share on December 3, 2013.

Then on December 4, 2013, Express, Inc. reported its third quarter 2013 results. Among other things, Express, Inc. updated its full year 2013 guidance.

Shares of Express, Inc. dropped from almost $25 per share on December 3, 2013, to as low as $18.615 per share on December 4, 2013.

On December 9, 2013, NYSE:EXPR shares closed at $19.01 per share.