10-14-13 7:15 PM EDT | Email Article

STEVENSON, Md., Oct. 14, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of Urban Outfitters, Inc. ("Urban Outfitters" or the "Company") (Nasdaq:URBN) common stock during the period between March 12, 2013 and September 9, 2013, inclusive (the "Class Period").

If you have suffered a net loss from investment in Urban Outfitters, Inc. common stock purchased on or after March 12, 2013, and held through the revelation of negative information on September 9, 2013, as described below, at no cost to you, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action.  Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.  If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 10, 2013 and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company's comparable sales growth had significantly declined, particularly in its all-important Urban Outfitters group, and that as a result of declining sales, the Company was forced to offer an additional discount off all clearance items during Labor Day weekend 2013, something it had not done during the 2012 Labor Day weekend. According to the complaint, following the Company's September 9, 2013 disclosure that its second quarter 2014 financial results were below expectations and that the Company was issuing disappointing third quarter 2014 guidance, the value of Urban Outfitters shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.  You need take no action at this time to be a member of the class.

CONTACT: Charles J. Piven
         Brower Piven, A Professional Corporation
         Stevenson, Maryland
         410/415-6616
         hoffman@browerpiven.com
GlobeNewswire, Inc. 2013
Add a Comment

News   More...

SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $250,000 in Losses from Investment in J.C. Penney Company, Inc. to Contact Brower Piven Before the December 2, 2013 Lead Plaintiff Deadline (2013/11/13)
SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $250,000 in Losses From Investment in J.C. Penney Company, Inc. to Contact Brower Piven Before the December 2, 2013 Lead Plaintiff Deadline (2013/10/2)
SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses From Investment in Catalyst Pharmaceutical Partners, Inc. to Contact Brower Piven Before the December 24, 2013 Lead Plaintiff Deadline -- CPRX ()
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in JAKKS Pacific, Inc. to Contact Brower Piven Before the September 23, 2013 Lead Plaintiff Deadline (2013/7/29)
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Barnes & Noble, Inc. to Contact Brower Piven Before the March 10, 2014 Lead Plaintiff Deadline -- BKS (2014/1/10)
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Vocera Communications, Inc. to Contact Brower Piven Before the September 30, 2013 Lead Plaintiff Deadline -- VCRA ()
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Juniper Networks, Inc. to Contact Brower Piven Before the October 11, 2013 Lead Plaintiff Deadline -- JNPR (2013/8/14)
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $150,000 From Investment in McDermott International, Inc. to Contact Brower Piven Before the October 15, 2013 Lead Plaintiff Deadline -- MDR ()
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $50,000 From Investment in MiMedx Group, Inc. to Contact Brower Piven Before the November 8, 2013 Lead Plaintiff Deadline -- MDXG (2013/9/10)
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $50,000 From Investment in Active Power Inc. to Contact Brower Piven Before the November 12, 2013 Lead Plaintiff Deadline -- ACPW (2013/9/11)
Securities related to this article
Urban Outfitters Inc. View urbn Stock Quote
Urban Outfitters Inc. View urbn Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/10/14 - SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses From Investment in Urban Outfitters, Inc. to Contact Brower Piven Before the December 10, 2013 Lead Plaintiff Deadline - URBN
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses from Investment in Unilife Corporation to Contact Brower Piven Before the December 31, 2013 Lead Plaintiff Deadline -- UNIS  |  Next: SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses from Investment in Vical Incorporated to Contact Brower Piven Before the December 31, 2013 Lead Plaintiff Deadline