Class Action Filed Against Vestis Corporation (VSTS) Seeking Recovery for Investors

Core Viewpoint - A class action securities lawsuit has been filed against Vestis Corporation due to alleged securities fraud that negatively impacted investors between May 2, 2024, and May 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Vestis provided misleadingly positive statements while concealing adverse facts about its business growth capabilities [2]. - Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrawing its revenue and growth guidance for the full fiscal year, and providing third-quarter guidance significantly below market expectations [2]. - Following the announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 8, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].