VSTS Investors Have Opportunity to Lead Vestis Corporation Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Vestis Corporation for alleged violations of securities laws, claiming the company made false and misleading statements regarding its business growth and customer retention capabilities [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased securities between May 2, 2024, and May 6, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Vestis - The complaint alleges that Vestis misled investors about its ability to grow the business and execute strategic initiatives [4]. - The company reportedly struggled to attract new customers and retain existing ones, leading to materially misleading public statements throughout the class period [4]. - As a result of the revelations about the company's true performance, investors experienced financial losses [4].