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Stock Market & Financial Investment News

News Breaks
May 27, 2014
17:37 EDTANFAbercrombie & Fitch to pay additional assistant managers $96K in overtime wages
Klafter Olsen & Lesser LLP; Kellogg, Huber, Hansen, Todd, Evans, & Figel, P.L.L.C.; and Berger Attorney, P.C. announce that Abercrombie & Fitch Co. and Abercrombie & Fitch Stores, Inc., have offered to pay $96,110.04 to thirteen Assistant Managers for failing to pay proper overtime wages, in connection with a lawsuit filed in the Eastern District of New York, Hepler, et al. v. Abercrombie & Fitch Co., et al., 13 Civ. 2815. This is in addition to prior offers from Abercrombie & Fitch to pay other Assistant Managers who had joined the lawsuit. Abercrombie agreed to pay the Assistant Manager's attorney's fees and court costs to be determined by the Court. The claims arose under the Fair Labor Standards Act and asserted that Abercrombie violated the FLSA by failing to pay Assistant Managers all wages due and owing to them for working more than 40 hours a week. Abercrombie did not pay overtime to the Assistant Manager at time and one-half, and Plaintiffs alleged that its practice violated the law. Abercrombie claimed that the amounts offered to the Assistant Managers include all overtime wages owed plus liquidated damages, and interest. The full number of Abercrombie Assistant Managers who were subject to Abercrombie's pay practice is not known. Assistant Managers are continuing to join the lawsuit.
News For ANF From The Last 14 Days
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December 16, 2014
08:48 EDTANFAbercrombie & Fitch signs license agreement with Inter Parfums
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December 12, 2014
09:57 EDTANFAbercrombie & Fitch calls active on renewed takeover chatter
Abercrombie & Fitch December 27 and 28 calls are active on total call volume of 3,300 contracts (250 puts) on renewed takeover chatter. December call option implied volatility is at 47, January is at 44, February is at 45; compared to its 26-week average of 44 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:50 EDTANFRumor: Abercrombie & Fitch moves up on renewed takeover chatter
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December 11, 2014
08:48 EDTANFAbercrombie an 'extremely attractive' takeover candidate, says FBR Capital
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December 9, 2014
17:49 EDTANFAbercrombie & Fitch still not a 'buy', Barron's says
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08:50 EDTANFAbercrombie & Fitch CEO Michael Jeffries to retire
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08:48 EDTANFAbercrombie & Fitch CEO to retire
December 8, 2014
10:20 EDTANFOptions with decreasing implied volatility
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