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Shareholder Charges Movado Group Mislead on Earnings Forecast Last Year

In Industry News, What's New by Jeff PrineLeave a Comment

Wilmington, DE—A shareholder in Movado Group recently filed a suit against the watch company, charging its earnings estimates were artificially inflated and hurt investors when its share price plunged after disappointing earnings report. The suit, filed in federal court here, by Gregory L. Batty of Belvidere, Illinois, claims the company …