Troutman Pepper Hamilton Sanders partners Jay A. Dubow, Mary Weeks and associates Hannah Baskind and Erica Hall Dressler have entered appearances for Five Below, a teen-centric discount retailer with more than 1,000 U.S. locations, and its CEO Joel Anderson in a pending securities class action. The case, filed Aug. 1 in Pennsylvania Eastern District Court by Levi & Korsinsky and Bielli & Klauder, accuses the defendant of failing to disclose that reduced customer spending and other macroeconomic factors had caused revenue to decline. The case, assigned to U.S. District Judge Gerald A. McHugh, is 2:24-cv-03638, Himes v. Five Below, Inc. et al.
Retail & Consumer Goods
August 22, 2024, 9:05 AM