Candies (CAND) -- fast-growing footwear and apparel brand Message Board

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Non-Tech : Candies (CAND) -- fast-growing footwear and apparel brand

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To: James W. Bradsh who wrote (72)	5/24/1999 1:12:00 AM
From: Justice Reed	Read Replies (1) of 103

Purchasers 5/28/97 - 5/12/99 On May 12, 1999, after the close of trading, Candie's, Inc. admitted that it would likely be forced to restate earnings for fiscal 1998 and the first three quarters of 1999, due to the material overstatement of revenue and earnings during the period. Candies warned that investors should not rely on previously reported financial statements for the period. Finally, Candies said it would not report fiscal 1999 results within the time frame of a previously granted extension. Following the Candie's disclosure, Nasdaq halted trading in Candie's common stock on May 13, 1999. If you purchased CAND shares during the period 5/28/97 - 5/12/99, you may be a member of a class of injured shareholders. If you have information which would help us prosecute Candies, Inc., please contact us at mail@schubert-reed.com. If you want more information about Candies, Inc. or class action lawsuits, please review our web site at schubert-reed.com.

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