SOURCE: Izard Nobel LLP

October 12, 2009 19:21 ET

Izard Nobel LLP Announces Class Action Lawsuit Against Men's Wearhouse, Inc.

WEST HARTFORD, CT--(Marketwire - October 12, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of Texas on behalf of those who purchased the common stock of Men's Wearhouse Inc. ("Men's Wearhouse" or the "Company") (NYSE: MW) between March 7, 2007 and January 9, 2008, inclusive (the "Class Period").

The Complaint charges that Men's Wearhouse and certain of its officers and directors violated federal securities laws by issuing materially false statements regarding the Company's financial condition. Specifically, the Complaint alleges that defendants failed to disclose the following adverse facts: (i) that the K&G division was performing poorly and not meeting internal expectations; (ii) that Men's Wearhouse was experiencing significant difficulties integrating the After Hours acquisition which was causing a severe disruption in that division's business and reducing sales volumes below budgeted levels; and (iii) that, given the deteriorating demand for the Company's products, the Company was forced to significantly discount products which would further erode earnings.

On January 9, 2008, Men's Wearhouse announced its mid fourth quarter update for the quarter ending February 2, 2008. In response to the Company's reduced guidance for fiscal 2007, Men's Wearhouse common stock fell $7.60 per share to close at $17.84 per share, on January 10, 2008.

If you are a member of the class, you may, no later than December 7, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/menswearhouse/, or contact Izard Nobel LLP toll-free: (800) 797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.

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