Bath & Body Works(US:BBWI) Prnewswire·2026-02-06 14:08Core Viewpoint - The complaint against Bath & Body Works alleges that the company and its executives violated federal securities laws by making misleading statements regarding their growth strategy and financial performance [2]. Group 1: Allegations of Misleading Statements - The company's strategy of pursuing "adjacencies, collaborations and promotions" failed to grow the customer base and did not deliver the expected growth in net sales [2]. - As the strategy faltered, the company relied on brand collaborations to mask weak underlying financial results [2]. - Due to these issues, the company was unlikely to meet its previously issued financial guidance, rendering positive statements about its business materially misleading [2]. Group 2: Legal Proceedings - The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought and is representative of the class members [3]. - Any member of the putative class can move the Court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [3]. Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Bath & Body Works' conduct to come forward, including whistleblowers and former employees [4].