|[August 20, 2013]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Furniture Brands International, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Eastern District
of Missouri on behalf of a class (the "Class") comprising all purchasers
of the common stock of Furniture
Brands International, Inc. ("Furniture Brands" or the "Company")
(NYSE:FBN) between February 13, 2013 and August 5, 2013, inclusive (the
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY
EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER OR IF YOU PURCHASED FURNITURE BRANDS SHARES PRIOR
TO THE CLASS PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING
ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Furniture Brands engages in designing, manufacturing, sourcing and
retaiing home furnishings in the United States and internationally. The
Company's trade names include, among others, Thomasville, Broyhill,
Lane, Drexel Heritage, and Henredon. The Company carries its trade names
on its books as assets, which are tested annually for impairment by
comparing the carrying value and fair value of each trade name to
determine the amount, if any, of impairment.
The Complaint alleges that during the Class Period defendants issued
false and misleading statements or failed to disclose that: (1) the
Company was experiencing weaknesses in its wholesale business; (2) the
Company's trade names were being carried at inflated values that would
require material impairments; (3) the Company was experiencing severe
liquidity issues; (4) and based on the foregoing, the defendants lacked
a reasonable basis for their positive statements about the Company
during the Class Period.
If you are a member of the Class described above you may move the Court
no later than October 15, 2013 to serve as lead plaintiff; however, you
must meet certain legal
requirements. To be a member of the Class you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class.
If you wish to learn
more about this action or if you purchased Furniture Brands shares
prior to the Class Period and have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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