Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses In Excess Of $100,000 Investing In Furniture Brands International, Inc. To Contact The Firm

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Oct 09, 2013, 04:00 ET

NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Furniture Brands International, Inc. ("Furniture Brands" or the "Company") (OTC: FBNIQ) of the October 15, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain executives.

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A complaint has been filed on behalf of all persons who purchased or otherwise acquired Furniture Brands common stock between February 13, 2013 and August 5, 2013.

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and financial performance.

Specifically, the action alleges that Furniture Brands made false and misleading statements and/or failed to disclose that: (i) the Company had severe liquidity issues; (ii) Furniture Brands had inflated the values of its trade names and thus would be affected by material impairments; and (iii) the Company was suffering from weaknesses in its wholesale business.

On August 6, 2013, Furniture Brands announced financial results for the second quarter, revealing several problems, including its liquidity challenges and trade name impairments. Following this news, the Company's stock dropped more than 38%.

Request more information now by clicking here: www.faruqilaw.com/FBNIQ. There is no cost or obligation to you.

Take Action

If you purchased Furniture Brands stock or options between February 13, 2013 and August 5, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/FBNIQ. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Furniture Brands' conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Francis McConville, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE Faruqi & Faruqi, LLP