A class action has been filed in the United States District Court for the District of Massachusetts on behalf of purchasers of the common stock of The Talbots, Inc. (“Talbots” or the “Company”) (NYSE: TLB) between December 8, 2009 and January 11, 2011, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”). The complaint charges Talbots and certain of its officers and executives with violations of the Exchange Act.

The complaint alleges that, throughout the Class Period, defendants failed to disclose material adverse facts about the Company’s true financial condition, business and prospects. Specifically, the complaint alleges that: (i) notwithstanding defendants’ mantra about the Company being a great turnaround story, demand for the Company’s full-price inventory was extremely soft, which had resulted in the Company becoming saddled with excess inventory that could not be sold at full price; (ii) the Company could not keep pace with its competitors without turning to the dramatic and widespread promotional pricing that defendants had stated the Company would not have to resort to; and (iii) as a result of (i) and (ii) above, defendants knew that the profit and revenue numbers that they forecast to the market were illusory and unattainable.

On January 11, 2011, Talbots provided a Business Update and reported that quarter-to-date top line sales were down approximately 7% versus the fourth quarter of the prior year and the Company’s previously announced expectation for fourth quarter top-line sales in the range of flat to down low-single digits. Additionally, quarter-to-date comparable store sales were down approximately 6%. As a result of this news, the price of Talbots common stock dropped 17.4%, from a closing price $7.57 on January 10, 2011 to close at $6.25 on January 11, 2011, on almost six times the stock’s average daily trading volume.

If you are a current shareholder and purchased during the period December 8, 2009 and January 11, 2011, and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.