US retailer Fleming yesterday [Wednesday] said a lawsuit alleging its inflated its stock price by falsely portraying sales is 'baseless'. Shares in the group have fallen to their lowest level in decades since the lawsuit was filed on 30 August. Filed in a federal district court, the suit alleges that Fleming deliberately misled shareholders by releasing upbeat statements about its financial shape, thus driving the stock price up.
USA: Fleming slams lawsuit as ‘baseless’ - MEMBERS
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