SOURCE: Kendall Law Group

Kendall Law Group

October 19, 2009 13:35 ET

Kendall Law Group Announces Securities Class Action Against Men's Wearhouse Inc.

DALLAS, TX--(Marketwire - October 19, 2009) - Kendall Law Group, led by a former federal judge, today announced that a lawsuit has been filed against Men's Wearhouse Inc. (NYSE: MW) for securities violations related to public statements made by the company between March 7, 2007 and January 9, 2008.

The complaint, filed in the Southern District of Texas, charges Men's Wearhouse and certain of its officers and directors with violations of the federal securities laws concerning a series of false and misleading statements concerning the financial condition of the company. Defendants failed to disclose that the K&G division was performing poorly and not meeting internal expectations. Also, difficulties in integrating the After Hours acquisition was causing a severe disruption in the Company's business and reducing sales volumes below budgeted levels. The deteriorating demand for the Company's products was forcing discounts beyond customary discounts further eroding earnings.

When the update for the quarter ending February 2, 2008 was announced on January 9, 2009, the price of Men's Wearhouse common stock fell $7.60 per share, closing at $17.84 on January 10, 2009 on extremely heavy trading volume.

Any shareholder, who purchased Men's Wearhouse stock during the above time period, may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by December 7, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, affected by the decision to serve as a lead plaintiff. Any member of the class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Led by a former federal judge and former U.S. Attorney, Kendall Law Group has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as a shareholder, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

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