Stull, Stull & Brody among other law firms have filed class action law suits against Macy's, Inc. the predecessor company to Federated Department Stores. The suit states that executives of the company had inflated the stock price between February 8, 2007 and May 15, 2007. The inflation was due to the ommission of the former May Department Stores locations decreasing sales and negative consumer feedback about the name changes that took away stores like Marshall Field's, L.S. Ayres and Filene's.
AOL Finance article "Stull, Stull & Brody Announces Investigation Relating to Class Action on Behalf of Shareholders of Macy's Inc. (f/k/a/ Federated Department Stores, Inc.)" aided to the posting of this blog.
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