Core Viewpoint - A class action lawsuit has been filed against Vestis Corporation for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that Vestis and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Vestis securities during the Class Period have until August 8, 2025, to request to be appointed as Lead Plaintiff [3]. Group 2: Financial Performance - On May 7, 2025, Vestis announced its financial results for Q2 of fiscal 2025, withdrawing its revenue and growth guidance for the full fiscal year [3]. - The company provided third-quarter guidance that was significantly below market expectations, attributing poor results to "lost business in excess of new business" and "volume changes with existing customers" [3]. - Following this announcement, Vestis's stock price fell by $3.27 per share, or 37.54%, closing at $5.44 per share on the same day [3].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Vestis Corporation of Class Action Lawsuit and Upcoming Deadlines - VSTS