ATLANTA—The Office of the U.S. Attorney for the Southern District of New York has sent a subpoena to Genesco Inc. requesting documents relating to the Genesco's negotiations and merger agreement with The Finish Line. The subpoena states that the documents are sought in connection with alleged violations of federal fraud statutes.
As Genesco chairman and CEO Hal Pennington said in a statement announcing the subpoena, "The U.S. Attorney subpoena comes on the heels of the baseless fraud allegations made by UBS [Securities] 10 days ago. These allegations are completely without merit and are simply part of UBS' litigation tactics to avoid their contractual obligations; we will fully cooperate with the U.S. Attorney in connection with their inquiry. Most importantly, we will not be deterred from enforcing our rights under the merger agreement."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)