Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Vestis Corporation regarding a class action lawsuit due to allegations of misleading statements and failure to meet growth expectations, leading to a significant drop in stock price [1][3]. Allegations and Financial Impact - The allegations state that Vestis Corporation provided overly positive statements while concealing material adverse facts about its business growth capabilities, particularly regarding customer experience and retention efforts [3]. - Following the announcement of disappointing financial results for Q2 2025 and the withdrawal of revenue guidance for the full fiscal year, Vestis' stock price plummeted from $8.71 to $5.44, a decline of approximately 37.54% in one day [3]. Class Action Details - The class period for the lawsuit is defined as May 2, 2024, to May 6, 2025, with a deadline for shareholders to register for participation set for August 8, 2025 [4]. - Shareholders who register will receive updates throughout the case lifecycle and can seek lead plaintiff status without any cost or obligation [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [5].
Shareholders of Vestis Corporation Should Contact The Gross Law Firm Before August 8, 2025 to Discuss Your Rights – VSTS