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Express, Inc. (NYSE:EXPR) Investor Investigation Over Potential Violations Of Securities Laws

  • If you purchased shares of Express, Inc. (NYSE:EXPR), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Express, Inc.
Security
NYSE: EXPR

Summary

Oct. 09, 2012 (Update) -- On Oct. 2, 2012, Express, Inc. (NYSE: EXPR) updated its sales and earnings outlook for the third quarter of fiscal 2012, the 13-week period ending October 27, 2012, based on its quarter-to-date performance and expectations for the balance of the period. The Company currently expects third quarter fiscal 2012 comparable sales to decline in the mid single digit range.

Shares of Express, Inc. (NYSE:EXPR) dropped from $14.99 per share on October 1, 2012, to as low as $11.30 per share on October 4, 2012.

On October 5, 2012, NYSE:EXP shares closed at $11.55 per share.

May 28, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Express, Inc. (NYSE:EXPR) shares over potential securities laws violations by certain officers and directors at Express, Inc. in connection with 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 the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about Express, Incs business, its prospects and its operations were potentially materially false and misleading at the time they were made.

On January 11, 2012 Express, Inc. confirmed in an SEC filing the fourth quarter 2012 guidance and on March 7, 2012, Express, Inc. announced its fourth quarter and full year 2011 financial results for the thirteen and fifty-two week periods ended January 28, 2012,

Shares of Express, Inc. (NYSE:EXPR) rose from as low as $19.00 on January 5, 2012 to as high as $26.14 per share on March 14, 2012.

Then on May 22, 2012, Express, Inc. announced its first quarter 2012 financial results for the thirteen week period ended April 28, 2012. Among other things, Express, Inc. updated its 2012 guidance.

Shares of Express, Inc. (NYSE:EXPR) fell from $23.09 per share to as low as $16.45 on May 22, 2012.

NYSE:EXPR shares closed on May 25, 2012, at $18.72 per share.

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