
Core Viewpoint - A class action lawsuit has been filed against Vestis Corporation and certain officers for alleged violations of federal securities laws during the Class Period from October 2, 2023, to May 1, 2024 [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit seeks to recover damages for all individuals and entities that purchased or acquired Vestis securities during the specified Class Period [2]. - Investors are encouraged to join the case through the law firm's website [2][4]. Allegations Against Defendants - The complaint alleges that the Defendants made materially false and misleading statements and failed to disclose critical issues, including: 1. Aramark's historical underinvestment in the business that became Vestis [3]. 2. Vestis operated with outdated facilities and an underperforming sales force [3]. 3. These operational deficiencies led to "service gaps," impeding growth and resulting in customer attrition [3]. 4. Consequently, the Defendants' statements regarding Vestis's business, operations, and prospects were materially false and misleading [3]. Legal Representation - Bronstein, Gewirtz & Grossman, LLC represents investors in class actions on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a history of recovering hundreds of millions of dollars for investors nationwide [5].