San Diego, CA -- (SBWIRE) -- 05/12/2015 -- An investigation on behalf of long-term investors in NASDAQ:URBN shares was announced over potential breaches of fiduciary duties by certain Urban Outfitters officers and directors.

Investors who purchased shares of Urban Outfitters, Inc. (NASDAQ:URBN) in early 2013 and currently hold any of those NASDAQ:URBN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Urban Outfitters officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

In October 2013 a lawsuit was filed against Urban Outfitters, Inc. over alleged securities Laws Violations. The plaintiff claimed that between March 12, 2013 and September 9, 2013 defendants issued materially allegedly false and misleading statements regarding Urban Outfitters Inc's financial performance and future prospects and/or failed to disclose that Urban Outfitters Inc's comparable sales growth had significantly declined, particularly in its all-important Urban Outfitters group, that as a results of declining sales, Urban Outfitters Inc was forced to offer an additional 30% off all clearance items during Labor Day weekend 2013, something it had not been forced to do during the prior year Labor Day weekend, and that as a result of the foregoing, Urban Outfitters Inc was not on track to achieve the financial results defendants had led the market to expect March 12, 2013 and September 9, 2013.

Urban Outfitters, Inc. reported that its Total Revenue rose from over $3.08 billion for the 12 months period that ended on January 31, 2014 to over $3.32 billion for the 12 months period that ended on January 31, 2015 and that its Net Income for those respective time periods declined from $282.36 million to $232.43 million.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) grew from $28.79 per share in November 2014 to as high as $46.97 per share in March 2015.

On May 8, 2015, NASDAQ:URBN shares closed at $40.67 per share.

Those who purchased shares of Urban Outfitters, Inc. (NASDAQ:URBN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com