Himes v. Five Below, Inc. et al

Berger Montague was recently named co-lead counsel representing a class including the Arkansas Public Employees’ Retirement (APER) and the Arkansas Teacher Retirement System (ATRS) in an investor suit alleging that the retail chain Five Below overstated its growth prospects that saw their stock drop precipitously after sales expectations fell short.

“We are pleased to be able to represent the interests of these public pension funds, where teachers and other public servants were invested in this company and lost a considerable amount of money,” said Michael Dell’Angelo, Executive Shareholder and General Counsel of Berger Montague. “Our clients lost millions of dollars after they relied on the exaggerated expectations set by this retailer.”

Five Below is a chain of discount stores that prices most of its products at $5 or less. Headquartered in Philadelphia, Pennsylvania is the chain is aimed at tweens and teens. There are more than 1,700 stores in 43 states.

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. The firm is active in the fields of antitrust, commercial litigation, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For more than 50 years, Berger Montague has played lead roles in precedent-setting cases and has recovered over $60 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, Washington, D.C., and Wilmington, DE.