SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP has commenced an investigation into whether Five Below, Inc. (Nasdaq: FIVE) made false and misleading statements and omissions regarding the Company's business prospects and management structure which violated federal and state laws.
Five Below operates as a specialty value retailer in the United States. The Company offers various products priced at $5 and below. Shares of Five Below fell more that 12% to $37.61 on December 5, 2014 after the retailer announced a new CEO and guided below analysts' estimates for the fourth quarter.
Johnson and Weaver's investigation is ongoing and seeks to determine whether certain statements regarding the Company’s prospects and management structure were accurate when made. Furthermore, in the timeframe leading up to the stock’s December 5, 2014 decline, certain Five Below insiders sold a significant amount of shares.
If you have information that could assist in this investigation, or if you are a long-term Five Below shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.