Bronstein, Gewirtz & Grossman, LLC Announces Investigation of L Brands, Inc. (LB)

NEW YORK, NY / ACCESSWIRE / July 24, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of L Brands, Inc. (“L Brands” or “the Company”) (NYSE: LB). Investors who purchased L Brands stock are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/lb.

The investigation concerns whether L Brands and certain of its officers and/or directors have violated federal securities laws.

On November 19, 2018, L Brands issued a press release announcing its financial and operating results for the third quarter of 2018. The press release announced that L Brands intended to reduce its annual ordinary dividend to $1.20 from $2.40 beginning with the quarterly dividend to be paid in March 2019 in order to deleverage Company’s balance sheet over time. On this news, L Brands’ stock price fell $6.12 per share, or approximately 17.7%, to close at $28.43 per share on November 20, 2018.

If you are aware of any facts relating to this investigation, or purchased L Brands shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/lb. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

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