April 25, 2013 - The court granted the stipulation of voluntary dismissal.
April 24, 2013 - The parties filed a stipulation of voluntary dismissal with prejudice and without right of appeal.

March 28, 2013 - The court granted defendants' motion to dismiss with leave to amend.

March 7, 2012 - Defendants filed a motion to dismiss.

January 4, 2012 - The lead plaintiff filed an amended complaint.

November 10, 2011 - Lead plaintiff and lead counsel were appointed.

August 5, 2011 - Lead plaintiff motion was filed.

June 3, 2011 - An investor in shares of Timberland Company (The) (NYSE: TBL) filed a lawsuit in the U.S. District Court for the District of New Hampshire against Timberland Company (The) over alleged violations of Federal Securities Laws following a stock price drop of more than 25%.

According to the complaint the plaintiff alleges on behalf of those purchasing the common stock of Timberland Company (The) between February 17, 2011 and May 4, 2011 that Timberland Company (The) violated the Securities Exchange Act of 1934 by issuing between February 17, 2011 and May 4, 2011 optimistic statements about then-present sales trends, cost discipline and inventory levels and an anticipated return to a 15% operating profit, and that, as a result of these representations, Timberland Company (The) share prices traded at artificially inflated prices.

Timberland Company (The) reported over the past four annual filing periods consistent 12months Total Revenue ranging from $1.285billion to $1.436billion. In fact Timberland Company (The) reported an increase in its 12months Total Revenue from $1.285billion in 2009 to $1.429billion in 2010. Its Net Income rose over the past four filing periods from $40million in 2007 to $96.62million in 2010.

Shares of Timberland Company (The) (NYSE:TBL) rose from as low as $8.45 during 2008 to over $45 in April 2011.

However, the complaint alleges, in making theses optimistic statements between February 17, 2011 and May 4, 2011, Timberland Company (The) and certain of its officers and directors concealed that demand for its key products had actually dramatically declined, that its inventory levels were rising and that Timberland Company (The) had significantly increased its advertising spending in order to buttress sagging sales demand, which would decrease operating income.

Shares of Timberland Company (The) plunged 26%, or almost $11.00 per share on May 5, 2011, after Timberland Company (The) reported its First Quarter 2011 Results.

Timberland Company (The) revealed that profit declined 30% during the quarter because of significantly higher labor and investment costs. According to Timberland Company (The) statement, profit fell to $18 million, or 35 cents a share, compared to analysts’ consensus estimates of 59 cents. In addition, reported gross margin fell 300 basis points.

Shares of Timberland Company (The) (NYSE: TBL) fell from over $45 in April to under $30 on May 5, 2011.