Victoria's Secret's Parent Co. and Execs Misled Investors About
Victoria’s Secret’s parent company is facing legal action – not for the bra and underwear designs it is being called out for swiping from ex-employee Jennifer Zuccarini’s label Fleur du Mal – but instead, for allegedly violating federal securities laws by making “materially false and misleading statements and/or failing to disclose adverse information regarding L Brands’ business and prospects,” thereby, causing investors to pay “artificially inflated prices for L Brands common stock,” only to have stock prices fall late last year, and throughout this year, as well.
Sorry, Victoria's Secret, your 'woke' rebrand failed because it
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