Investor accuses former Five Below CEO of artificially inflating stock before exit

PHILADELPHIA (Legal Newsline) – The co-founders of national discount retail chain Five Below fraudulently concealed their intent to resign from the company last year and artificially inflated the company’s public stock price while planning to hand over the reigns to a much less experienced CEO, causing the stock to crumble upon their exit, according to allegations in a class action suit filed at the U.S. District Court for the Eastern District of Pennsylvania.