NEW YORK--Two more law firms jumped into the brewing class-action rumble against Guess Inc. on Wednesday. Schiffrin & Barroway, a Bala Cynwyd, Pa.-based firm, said in a statement that it filed a class-action lawsuit in U.S. District Court in California on behalf of those who bought Guess shares between Feb. 14, 2000 and Jan. 26, 2001. The complaint, similar to two lawsuits filed Tuesday, charges the company "and certain of its officers and directors with issuing false and misleading statements concerning the company's business and financial condition," according to the statement. An official at the law firm declined to provide any further comment on the lawsuit or to say whom the company is representing. Charles J. Piven, a Baltimore-based attorney, said he plans to file a suit against the company, which as reported, has recently restated its earnings for the first nine months of 2000. Piven declined to provide any specifics on whom he would be representing. These firms followed actions taken by Boca Raton, Fla.-based law firm Cauley Geller Bowman & Coates LLP and San Diego-based Milberg Weiss Bershad Hynes & Lerach LLP, which filed lawsuits against Guess on Tuesday. A Cauley Geller spokeswoman said her firm brought the lawsuit on behalf of David Osher, and is seeking class-action status. Milberg Weiss officials did not return phone calls. Guess officials also could not be reached for comment Wednesday. However, on Tuesday, following the initial two lawsuits, co-chairman and co-chief executive officer Maurice Marciano called the actions "completely erroneous" and said, "We never tried to conceal anything." As reported, late last week Guess restated its earnings for much of 2000, saying that it had overstated income for the first and second quarters and understated income in the third. The Los Angeles-based jeansmaker also warned that its fourth quarter 2000 and fiscal 2001 results would come in below analysts' expectations.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion