Paul v. Lands' End, Inc.

ORDER

BUA, District Judge.

Between February 6, 1990, and March 14, 1990, plaintiffs Kathleen M. Paul, Pier-retta Alfiera, and Bruce Gorosh purchased approximately 500 shares of Lands’ End, Inc. (“Lands’ End”) common stock. Shortly after plaintiffs invested in Lands’ End, the company’s earnings declined. Having sustained a loss on their investment, plaintiffs instituted this securities action against Lands’ End and its chief executive officer, Richard C. Anderson. Plaintiffs contend that defendants made numerous fraudulent misrepresentations and omissions of material fact regarding the financial…