Investigation Update - 05/12/2009

On May 6, 2009, the law firm that is conducting the investigation issued a press release concerning Perry Ellis International, Inc. ('Perry Ellis') and announced that the law firm did not seek to convey in the press release that Perry Ellis has violated any law nor do they have any knowledge of any violation of law by Perry Ellis.

Original Post - 05/06/2009

An investigation on behalf of investors, who purchased Perry Ellis International, Inc. (NASDAQ: PERY) shares between March 19, 2007 and November 19, 2007, over potential violations of Federal Securities Laws by Perry Ellis International Inc. was announced.

The investigation by a law firm is focusing on possible violations of federal securities law by Perry Ellis International Inc based on, among other things, whether Perry Ellis violated the Securities Exchange Act of 1934 by reporting sales that did not accurately reflect the demand for its products and by failing to disclose that, in fact, demand for Perry Ellis products was slowing and not meeting internal expectations. Perry Ellis International, Inc. is an apparel company in the United States. Perry Ellis designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution in over 15,000 selling doors. Perry Ellis International, Inc. is located in Miami, Florida. Shares of Perry Ellis International, Inc. (NASDAQ: PERY) traded recently at $6.85 per share, down from over $27 per share in 2008 and almost $34 per share in 2007. Shares of Perry Ellis closed at $32.24 per share on March 19, 2007 and at $17.10 per share on November 19, 2009. Perry Ellis International, Inc. had $836.87million in total revenue in 2007 and $851.30million in 2008.