Don't sue the messenger

12 March 2008 By John Christy

Plussize apparel seller Charming Shoppes is suing a pair of activist hedge funds. But as in some other cases, the rabblerousers’ gripes merit real answers. Taking the argument to a courtroom looks like a play to avoid giving shareholders the explanation they deserve.

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Charming Shoppes filed a lawsuit against two activist hedge funds on March 7 in the US District Court of Eastern Pennsylvania. The complaint alleges that Crescendo Partners and Myca Partners filed "materially misleading and incomplete" documents with the SEC in their effort to push for change at Charming Shoppes.

Bensalem, Pennsylvaniabased Charming Shoppes is the leading retailer of plussize women's apparel, operating under the Lane Bryant and Fashion Bug brands. Charming operates 2,378 stores in 48 states.

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