The class action lawsuit was filed on behalf of those who purchased the common stock of Limited Brands, Inc. ("Limited Brands" or the "Company") (NYSE: LTD) between August 22, 2007 and February 28, 2008 (the "Class Period"). The Complaint alleges that Limited Brands, a specialty retailer of women's apparel, beauty products and accessories, and certain of its officers and directors made numerous positive statements regarding the Company's financial condition, business and prospects which were in violation of federal securities laws. The Complaint further alleges that these statements were materially false and misleading when made because defendants failed to disclose adverse events surrounding the development of a new warehouse and certain technology.

On February 27, 2008, Limited Brands issued a press release reporting fourth quarter and full year 2007 earnings. This press release significantly lowered the Company's previously issued guidance for 2008. In response to the announcement, the price of Limited Brands common stock fell from $17.82 on February 27, 2008 to $15.85 on February 28, 2008.