Brower Piven Encourages Investors Who Have Losses in Excess of $250,000 From Investment in Aeropostale, Inc. to Inquire

* Reuters is not responsible for the content in this press release.

Tue Oct 18, 2011 10:34am EDT

  STEVENSON, MD, Oct 18 (MARKET WIRE) -- 
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of the common stock
of Aeropostale, Inc. ("Aeropostale" or the "Company") (NYSE: ARO) during
the period between February 3, 2011 and August 3, 2011, inclusive (the
"Class Period").

    If you have suffered a net loss for all transactions in Aeropostale
common stock during the Class Period, you may obtain additional
information about this lawsuit and your ability to become a lead
plaintiff by contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland
21153. Attorneys at Brower Piven have combined experience litigating
securities and class action cases of over 60 years.

    No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than December 12,
2011 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class
in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You are not required to have sold your shares to seek damages or
to serve as a Lead Plaintiff.

    The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose
during the Class Period that Aeropostale was experiencing declining
demand for its women's fashion division, which makes up 70% of the
Company's sales and that Aeropostale was enduring pressure on its profit
margins as a result of increasing inventory requiring higher discounts on
its clothing. According to the complaint, after, on August 4, 2011,
Aeropostale reported net sales of $468.2 million, a decrease of 5% from
the second quarter of 2010, and expected net earnings to be in the range
of $0.02 to $0.03 per share, significantly below the Company's previous
guidance, the value of Aeropostale stock declined significantly.

    If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of
your choice. You need take no action at this time to be a member of the
class. 

    

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com 

Copyright 2011, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.