NEW YORK, Dec. 11 /PRNewswire/ -- Wolf Popper LLP has filed a
securities fraud lawsuit on behalf of investors who purchased Genesco Inc.
(NYSE: GCO) securities on an open market from May 31, 2007 through November
16, 2007.
The action is pending in the U.S. District Court, SDNY (Index No.
07-cv- 11146), against Genesco and Hal N. Pennington (Chairman, CEO). The
complaint can be obtained from the Court or at
http://www.wolfpopper.com/publications/currentcases.cfm.
The complaint alleges that defendants knowingly misrepresented
Genesco=s projected financial results and fraudulently induced Finish Line
Inc. to enter into a merger agreement to acquire Genesco for $54.50 per
share, and UBS Loan Finance LLC to provide financing to Finish Line for the
transaction. UBS has alleged in a lawsuit that Genesco committed fraud in
connection with Genesco=s merger with Finish Line.
After the truth was revealed to the market on November 16, 2007,
Genesco=s stock price fell from $39.23 to $29.98, a staggering 24% drop.
If you bought Genesco securities on an open market from May 31, 2007
through November 16, 2007, and lost money, you may, no later than February
4, 2008, request that the Court appoint you as lead plaintiff. You may
retain Wolf Popper LLP, or other counsel of your choice, to serve as your
counsel in this action.
Wolf Popper LLP (http://www.wolfpopper.com) has taken a leading role in
many important actions on behalf of defrauded investors, consumers, and
others for nearly 60 years. Please contact the Wolf Popper website for more
information about the firm. If you wish to discuss this action, participate
in this suit, or have any questions or concerns regarding this notice, or
preservation of your rights, please contact:
James Kelly-Kowlowitz, Esq. (Jkelly@wolfpopper.com) $ Wolf Popper LLP $
845
Third Avenue $ New York $ NY $ 10022 Tel.:212.759.4600 $ Toll
Free:877.370.7703 $ Fax:212.486.2093 $ Toll Free Fax:877.370.7704
Email:
mailto:irrep@wolfpopper.com
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