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Law Offices of Howard G. Smith announces an investigation on behalf of L Brands, Inc. ("L Brands" or the "Company") (NYSE:LB) investors concerning the Company and its officers' possible violations of federal securities laws.
On November 19, 2018, the Company reduced its annual ordinary dividend from $2.40 to $1.20 to deleverage the balance sheet over time.
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On this news, shares of L Brands fell $6.12 per share, or nearly 18%, to close at $28.43 per share on November 20, 2018, thereby injuring investors.
If you purchased L Brands securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190725005941/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.