Shareholder Class Action Filed Against Abercrombie & Fitch Co. by the Law Firm of Schiffrin & Barroway, LLP

Business Wire, Oct 27, 1999

BALA CYNWYD, Pa.--(BUSINESS WIRE)--Oct. 27, 1999--

The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of Ohio on behalf of all purchasers of the common stock of Abercrombie & Fitch Co. (NYSE:ANF) from October 8, 1999 through October 13, 1999, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Andrew L. Barroway, Esq.) toll free at 888/299-7706 or 610/667-7706, or via e-mail at info@sbclasslaw.com.

The complaint charges Abercrombie of improperly tipping off an analyst at the brokerage firm of Lazard Freres about the Company's sluggish third quarter growth. This information was made available to Lazard Freres' sales force so that Lazard Freres' preferred customers were able to trade on this inside information. The truth was not disclosed to the investing public until October 13, 1999.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, please visit our website at www.sbclasslaw.com.

If you are a member of the class described above, you may, not later than December 18, 1999, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.