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ANF.US
id: 1028, Created by , Scout

Abercrombie & Fitch (ANF) Senior Management Breach of Duties Case

  • On October 2, 2023, the BBC reported on former CEO’s of Abercrombie & Fitch (ANF) unethical behavior.
  • On it, $ANF fell 4.84%, losing $142M+ of shareholder value.
  • Investors may have grounds to suspect Abercrombie of breach of fiduciary duties, which led to their losses.
On October 2, 2023, the BBC reported that Mike Jeffries, former CEO of Abercrombie & Fitch, exploited young men recruited for sex events hosted by Jeffries around the world.

On this news, $ANF fell 4.84% and lost over $142 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Abercrombie’s senior managers breached their fiduciary duties to the Company and its shareholders, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 October 2023
Collecting participants…

Abercrombie & Fitch Company

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company o...

    Ticker
    ANF.US
    ISIN
    US0028962076
    CIK
    1018840
    Sector
    Consumer Cyclical
    Industry
    Apparel Retail
    Country
    USA
    Address
    6301 Fitch Path, New Albany, OH, United States, 43054