MOV Announcement: If You Have Suffered Losses in Movado Group, Inc. (NYSE: MOV) You Are Encouraged to Contact The Rosen Law Firm About Your Rights

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Movado Group, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Allegations and Company Response - On April 11, 2025, Movado disclosed allegations of misconduct within its Dubai branch related to sales practices in the Middle East, India, and Asia Pacific [3]. - The company identified that the former managing director and certain employees engaged in actions leading to an overstatement of sales, premature recognition of sales, and underreporting of credit notes owed to customers [3]. - Movado's financial statements dating back to 2022 will require restatements to accurately reflect sales and credits, indicating ineffective internal controls over financial reporting [3]. Group 2: Financial Impact - Following the disclosure of these allegations, Movado's stock price fell to $13.56 per share, marking a 1.81$13.81 [3]. Group 3: Legal Action and Investor Rights - Rosen Law Firm is preparing a class action to seek recovery of investor losses, allowing affected shareholders to join without any out-of-pocket fees through a contingency fee arrangement [2]. - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions, highlighting Rosen Law Firm's experience and past achievements in this area [4].