Page
5
16/24
Jos A Bank Accused of Violating Federal Securities Laws
Law firm Schatz & Nobel has announced the filing of a class-action lawsuit against clothing company Jos A Bank.
The lawsuit was filed in the US Court for the District of Maryland on behalf of all persons who purchased or otherwise acquired the publicly traded securities of the company between January 5, 2006 and June 7, 2006.
The complaint alleges that Jos A Bank violated federal securities laws by issuing a series of materially false statements.
Specifically, the defendants are said to have failed to disclose the following:
The Company had over-invested in inventories of fall clothing, building excessive levels of in-stock inventories of seasonal merchandise that carried over into the first quarter of 2006.
The company resorted to very aggressive promotional pricing in February and March 2006, which deeply discounted the prices of the merchandise in order to move the merchandise and make room for new seasonal merchandise; and the company's gross profit margins were substantially reduced in February and March 2006, by reason of the inventory and pricing actions taken by defendants. This allegedly caused the company's profit margins and profits in February and March 2006, to shrink dramatically even as sales revenues increased, which represented an extreme departure from Jos A Bank's historical pattern.
Defendants announced that net income for the first quarter of 2006 had fallen 13% even as sales revenues increased 18%. On this news, the company's common stock fell 29%, dropping $10.72 to close at $26.40 per share on June 8, 2006.
2/1/04
Blonde in School
A girl came skipping home from school one day.
"Mommy, Mommy, she yelled, "We were counting today, and all the other kids could only count to four, but I counted to 10. See, 1, 2, 3, 4,5,6, 7, 8, 9,10!"
"Very good," said her mother.
"Is it because I'm blonde?" the girl asked.
"Yes, it's because you're blonde."
The next day the girl came skipping home from school.
"Mommy, Mommy," she yelled, "We were saying the alphabet today, and all the other kids said up to D, but I said it up to G. See? A, B, C,
D, E, F, G!"
"Very good," said her mother.
"Is it because I'm blonde, Mommy?"
"Yes, It's because you're blonde."
The next day the girl came skipping home from school.
"Mommy Mommy!" she yelled, "We were in gym class today, and when we were showering, all the other girls had flat chests, but I have these!"
She lifted up her tank top to reveal a pair of 36-Cs.
"Very good," said her embarrassed mother.
"Is it because I'm blonde, Mommy?"
"No, honey, its because you're 24."
*
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Playboy Still Causing a
Commotion in Indonesia
When Erwin Arnada, editor in chief of Playboy magazine in Indonesia, answered a summons at police headquarters in the national capital, Jakarta, he turned up smiling, behaved like a good citizen and, in turn, was treated politely during nearly six hours of questioning.
Erwin Arnada, editor of the Indonesian edition of Playboy, at his home office in Denpasar. He has been charged with indecency, and the Indonesian Society Against Piracy and Pornography has sued the magazine.
The Playboy edition in Indonesia, the world’s most populous Muslim nation, was designed with local customs in mind. It contains no nudity, and its first centerfold featured a model wearing a modest negligee.
The parrying, he recalled, went something like this:
“When did you first meet Kartika Oktavina Gunawan?” the police asked, referring knowledgeably to the model who appeared in the first centerfold of the Indonesian edition wearing a modest blue negligee that made lingerie advertisements in Western newspapers seem decidedly lewd. 
“How can you not remember?” the policeman asked, according to the editor’s account of the recent good-natured encounter.
“Because I meet many beautiful people every day,” Mr. Arnada said he replied.
The questioners chuckled enviously, he said. They charged him, and Ms. Gunawan, with violating the indecency provisions of the criminal code, then let them go.
Playboy arrived in Indonesia, the world’s most populous Muslim nation, three months ago with an edition specially created to take account of local customs — no photographs of nude women, no nudity at all.
Playboy is published under license in 20 countries, mostly in Europe. Indonesia is the first Muslim country for the magazine since a Turkish edition folded in the mid-1990’s.
An Indonesian group, the Islamic Defenders Front, which specializes in attacks on nightclubs and gambling dens, threw rocks at the Playboy office in Jakarta, causing so much physical — and psychological — damage, Mr. Arnada said, that it was impossible for the staff to continue publishing there.
The magazine decamped here to the capital of Bali, a Hindu island, where foreign tourists parade in skimpy swimsuits and frolic in alcohol-suffused nightclubs.
The second and third issues were produced from the magazine’s new headquarters, a floor of a house belonging to a Hindu spiritual leader, a friend of Mr. Arnada, who is a Muslim. The latest layouts of the magazine are fashioned among Balinese wall hangings and religious offerings to the Hindu gods.
While the reaction of the Islamic groups in the capital was not surprising, the magazine was also caught in a parliamentary debate over an
anti-pornography bill that is testing the heart of Indonesia’s tolerance.
The Indonesian Society Against Piracy and Pornography, which is pushing the bill, filed suit against the magazine, prompting the police investigation.
In an effort to make the Indonesian edition palatable to local sensibilities, the first issue’s interview of the month was with the nation’s most famous author and dissident novelist, Pramoedya Ananta Toer. He died April 30 at the age of 81, soon after the issue appeared.
Most of the articles in the first three issues were the run-of-the-mill fare of any general interest magazine in Asia, an account of amputees from Cambodia’s civil war, the stories of Indonesian mail-order brides, a photo essay about domestic violence against children and a long article on East Timor.
The photographs of the centerfold Playmate in sparse though hardly salacious clothing (the second playmate was a Bali-based Frenchwoman, Doriane Amar — the attacks had temporarily frightened off Indonesian models) and a lonely hearts column geared to men were about the strongest suggestion that Indonesia’s Playboy was actually aimed at male readers.
The cover of the third issue was certainly fleshier, though still demure compared with other men’s glossies on the newsstands: an Indonesian model dressed in a long mohair sweater and a pair of briefs shows cleavage and the suggestion of her navel.
The Indonesian Press Council, a government body, in fact has supported publication of Playboy, saying the country now has freedom of the press.
The first two issues of 100,000 copies each sold out briskly, even at the relatively steep price of $3.80. The third is doing nicely.
Some of the major advertisers — cigarette and cell phone companies, and brands of perfume, sunglasses and watches — who fled the second issue, afraid of threats from the Islamic Defenders Front, returned for the third issue.
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Nov 10-12 Naughty But Nice S~X Show - Calgary
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