Danish jeweler Pandora Ireland A / S (CPH: PNDORA) Pandora recently was broke after being indicted shareholders, the stock fell 6.8 percent once.
European shareholder services group Deminor issued a statement today, said it has on July 18 on behalf of the District Court in Glostrup, Denmark 36 investors Pandora A / S (CPH: PNDORA) Pandora and its President and CEO Allan Leighton sue sue them during 2011 failed to publish a profit warning, causing them to investment losses.
October 2010 listing of Pandora A / S (CPH: PNDORA) on August 2, 2011 issued a profit warning, causing the day shares plunged 65.4%, DKK 12.5 billion market value evaporated.
This 36 complainants from Danish and international markets mainly by institutional investors, they think Pandora Charms A / S (CPH: PNDORA) Pandora should be more sensitive to internal sales data, and even then the profit warning issued too late, so that they with inflated purchase price Pandora A / S (CPH: PNDORA) stock, so to Pandora A / S (CPH: PNDORA) Pandora recourse losses. Deminor partner Erik Bomans told Reuters in an interview that the loss of these shareholders may be up to 50 million euros, but the magnitude of 2,000-3,000 million euros more reasonable.
Pandora A / S (CPH: PNDORA) Pandora The profit warning also arrested for committing serious economic offenses investigated by the Danish legal department, was formally indicted in November last year, the public prosecutor. Deminor said in today’s statement, the Copenhagen Stock Exchange and the Danish Financial Supervisory Commission are separately identified Pandora A / S (CPH: PNDORA) Pandora should be released in July 2011 on a profit warning.
Pandora Jewelry A / S (CPH: PNDORA) on Thursday to close at 382.4 Danish kroner, the decline narrowed to 3.07%. So far this year, driven by the performance of the stock has risen 30%.