New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
October 17, 2014
10:43 EDTANFUrban Outfitters slumps after warning on continued retail sales weakness
Subscribe for More Information
October 16, 2014
17:10 EDTANFAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
Subscribe for More Information
October 9, 2014
10:50 EDTANFGap falls after announcing CEO Murphy will step down, weak September sales
Subscribe for More Information
09:41 EDTANFBofA/Merrill retail analysts hold an analyst/industry conference call
Subscribe for More Information
October 6, 2014
10:04 EDTANFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at Piper Jaffray... Air France-KLM (AFLYY) downgraded to Neutral from Buy at Citigroup... BAE Systems (BAESY) downgraded to Hold from Buy at Societe Generale... Buffalo Wild Wings (BWLD) downgraded to Neutral from Outperform at Wedbush... Church & Dwight (CHD) downgraded to Underweight from Equal Weight at Barclays... Colgate-Palmolive (CL) downgraded to Equal Weight from Overweight at Barclays... Deckers Outdoor (DECK) downgraded to Neutral from Overweight at Piper Jaffray... Delhaize (DEG) downgraded to Hold from Buy at Deutsche Bank... Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley... McDonald's (MCD) downgraded to Equal Weight from Overweight at Morgan Stanley... Midcoast Energy (MEP) downgraded to Neutral from Buy at UBS... Mobileye (MBLY) downgraded to Market Perform from Outperform at Raymond James... Myers Industries (MYE) downgraded to Neutral from Buy at CL King... Nationstar (NSM) downgraded to Underperform from Market Perform at Keefe Bruyette... PTC Therapeutics (PTCT) downgraded to Market Perform at Cowen... PetSmart (PETM) downgraded to Equal Weight from Overweight at Barclays... Qlik Technologies (QLIK) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Outperform at Exane BNP Paribas... Tekmira (TKMR) downgraded to Market Perform from Outperform at ... XL Group (XL) downgraded to Market Perform from Outperform at FBR Capital... Xoom (XOOM) downgraded to Underweight from Equal-Weight at Evercore.
10:04 EDTANFOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:46 EDTANFAbercrombie & Fitch downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Abercrombie & Fitch to Neutral after its channel checks indicated worsening selling conditions across Europe. Piper thinks shares could see pressure in the near-term and lowered its price target for the stock to $35 from $45. Note Abercrombie was upgraded to Buy this morning at Mizuho.
05:56 EDTANFAbercrombie & Fitch downgraded to Neutral from Overweight at Piper Jaffray
Subscribe for More Information
05:37 EDTANFAbercrombie & Fitch upgraded to Buy from Neutral at Mizuho
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use