PHILADELPHIA, Feb. 29, 2020 /PRNewswire/ -- Kaskela Law LLC is
investigating L Brands, Inc. ("L Brands" or the "Company") (NYSE:
LB) on behalf of the Company's shareholders. The
investigation seeks to determine whether L Brands' executive
officers and/or directors violated the securities laws or breached
their fiduciary duties to the Company's shareholders.
L Brands shareholders are encouraged to contact Kaskela Law LLC
(D. Seamus Kaskela, Esq.) at (484)
258 – 1585, or online at www.kaskelalaw.com/case/l-brands/, for
additional investigation about this investigation and their legal
rights and options.
On February 1, 2020, The
New York Times published an article
entitled "'Angels' in Hell: The Culture of Misogyny Inside
Victoria's Secret." According to the article, certain "top
executives" at L Brands, the parent company of Victoria's Secret,
"presided over an entrenched culture of misogyny, bullying and
harassment, according to interviews with more than 30 current and
former executives, employees, contractors and models, as well as
court filings and other documents."
Subsequently, on February 26,
2020, L Brands detailed how it had sold a controlling
interest in Victoria's Secret to a private equity firm for
$525 million, and that the Company
had taken "impairment charges of $725.0
million ($2.58 per share)
related to Victoria's Secret goodwill and store-related
assets."
L Brands shareholders are encouraged to contact Kaskela Law LLC
for additional investigation about this investigation.
Kaskela Law LLC prosecutes shareholder actions in state and federal
courts throughout the country on behalf of investors. For
additional information about Kaskela Law LLC please visit
www.kaskelalaw.com. This notice may constitute attorney
advertising in certain jurisdictions.
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SOURCE Kaskela Law LLC