Bath & Body Works(US:BBWI) Prnewswire·2026-01-23 19:36Core Viewpoint - A securities fraud class action lawsuit has been filed against Bath & Body Works, Inc. for alleged material misstatements and omissions during the class period from June 4, 2024, to November 19, 2025, affecting investors who purchased or acquired the company's securities [1][5]. Group 1: Allegations and Company Performance - The lawsuit claims that Bath & Body Works made materially false and misleading statements regarding its business strategy and financial performance, particularly failing to disclose that its strategy of pursuing "adjacencies, collaborations and promotions" was not effectively growing its customer base or net sales [2]. - It is alleged that as the company's strategy faltered, it relied on brand collaborations to mask weak financial results, leading to a failure to meet previously issued financial guidance [2]. - The positive statements made by the company regarding its business and prospects were deemed materially misleading and lacked a reasonable basis due to the undisclosed adverse facts [2]. Group 2: Legal Process and Investor Information - Affected investors have until March 16, 2026, to seek appointment as lead plaintiff representatives in the class action, which allows them to direct the litigation on behalf of all class members [3]. - Kessler Topaz Meltzer & Check, LLP encourages investors who suffered significant losses to contact the firm for more information regarding the lawsuit and potential recovery [4]. - The law firm specializes in securities fraud class actions and represents both individual and institutional investors, indicating a strong capability to handle such cases [5][6].