Vince Holding Corp
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Vince Holding Corp |
Stock Symbol : | NYSE: VNCE |
Class Period Start: | 12/08/2016 |
Class Period End: | 04/27/2017 |
Lead Plaintiff motion: | 07/05/2017 |
Date Filed: | 05/05/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 5, 2017 lead plaintiff deadline in a class action lawsuit filed against Vince Holding Corp (NYSE: VNCE) (“Vince” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Vince Holding Corp securities between December 8, 2016 and April 27, 2017, have until July 5, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Vince Holding Corp securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that during the transition from legacy Kellwood systems, the Company experienced issues related to integrating its new enterprise resource planning systems; and thus, Vince’s statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On April 14, 2017, the Company revealed that the filing of its Form 10-K for fiscal year 2016 would be delayed due to "significant difficulties in successfully integrating the ERP System with its internal business processes as well as other third-party systems, requiring the Company to expend extra resources and time to address those issues." On April 28, 2017, the Company revealed that fourth quarter results came in below expectations and that the transition led to material weaknesses in its internal controls. Following this news, NYSE: VNCE fell over 23% to close at $1.00 per share on Aril 28, 2017. If you were negatively impacted by your investment in Vince Holding Corp securities between December 8, 2016 and April 27, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |