TUESDAY DEADLINE REMINDER: The Schall Law Firm Announces It Is Investigating Claims Against Ascena Retail Group, Inc. and Encourages Investors With Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES--()--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ascena Retail Group, Inc. (“Ascena” or “the Company”) (NASDAQ: ASNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ascena’s acquisition of ANN, Inc. developed into a disaster for the Company based on ANN’s operations to be in far worse condition than was generally believed to be the case. The Company improperly delayed the recognition of an impairment charge related to ANN’s goodwill to mask the true extent of this problem. Based on this delay, the Company’s income and assets were overstated and its financial results were not in conformity with GAAP. Ascena overvalued many of the brands in the ANN acquisition as they were in serious decline. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ascena, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

Release Summary

TUESDAY DEADLINE REMINDER: The Schall Law Firm Announces It Is Investigating Claims Against Ascena Retail Group, Inc.

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Contacts

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com