Body Central Corporation Securities Litigation
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Welcome to the Body Central Corporation Securities Litigation Settlement Website

This website has been established to provide general information related to the Body Central Corporation ("Body Central") Securities Litigation and the resulting Settlement Fund. The capitalized terms used on this website, and not defined herein, shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement dated August 25, 2014. This Litigation is pending in the United States District Court for the Middle District of Florida, Jacksonville Division.

On August 27, 2012, a putative class action alleging violations of federal securities laws was filed in the United States District Court for the Middle District of Florida, Jacksonville Division, referenced herein as the "Action." The Court has appointed the law firm of Robbins Geller Rudman & Dowd LLP as Lead Counsel.

The Corrected Amended Class Action Complaint for Violations of the Federal Securities Laws (the "Complaint") filed in the Action on February 26, 2013 against Defendants Body Central, B. Allen Weinstein, Thomas Stoltz and Beth R. Angelo generally alleged, among other things, that Defendants engaged in a fraudulent scheme to artificially inflate the price of Body Central common stock by concealing and subsequently minimizing significant deteriorating merchandise conditions that negatively impacted sales and Body Central's financial outlook. The Complaint asserts that these allegedly false and misleading statements and omissions artificially inflated the price of Body Central common stock.

The Complaint further alleged that Class Members purchased or acquired Body Central common stock during the Class Period at prices artificially inflated as a result of the Defendants' dissemination of materially false and misleading statements. The Complaint asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and Rule 10b-5 promulgated thereunder.

On April 23, 2014, Lead Plaintiff filed his Second Amended Class Action Complaint for Violations of the Federal Securities Laws (the "SAC"). On the same day, Lead Plaintiff filed his motion to partially modify the PSLRA-mandated discovery stay, seeking the documents Defendants had produced, or will produce, in connection with government investigations into trading in Body Central stock during the Class Period. On May 30, 2014, Defendants filed their motion to dismiss the SAC and their opposition to the motion to partially lift the discovery stay. On June 12, 2014, the Court denied Lead Plaintiff's motion to partially lift the stay.

The parties then engaged in arm's-length negotiations in an effort to resolve the litigation, and on July 18, 2014, executed a Settlement Term Sheet setting forth the parties' agreement-in-principle to settle the litigation. Lead Plaintiff notified the Court of the Settlement on the same day.

In exchange for the Settlement and the release of the Released Claims defined in the Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys’ Fees and Settlement Fairness Hearing (the "Notice") as well as dismissal of the Action, Defendants have agreed that a payment of $3.425 million will be made by Defendants (or on their behalf) to be divided, after taxes, fees, and expenses, among all Class Members who send in a valid Proof of Claim and Release Form.

The Settlement Class includes all Persons or entities who purchased or acquired Body Central common stock during the period from November 10, 2011, through and including June 18, 2012, except those Persons and entities that are excluded as described in the Notice.

Although the information in this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation and Agreement of Settlement, both of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A PROOF OF CLAIM FORM The only way to get a payment. Proof of Claim forms must be postmarked or submitted online on or before January 26, 2015.
EXCLUDE YOURSELF Get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants or any other Released Persons about the legal claims in this case. Exclusions must be received on or before December 31, 2014.
OBJECT Write to the Court about why you do not like the Settlement, the Plan of Distribution, and/or the request for attorneys' fees, costs, and expenses. You will still be a member of the Class. Objections must be received by the Court and counsel on or before December 31, 2014.
GO TO A HEARING Ask to speak in Court about the fairness of the Settlement. Requests to speak must be received by the Court and counsel on or before December 31, 2014.
DO NOTHING Get no payment. Give up your rights.

Important Dates

Submit Claim: January 26, 2015
Request Exclusion: December 31, 2014
File Objection: December 31, 2014
Court Hearing on Fairness of Settlement: December 31, 2014