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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Vestis and Tempus and Encourages Investors to Contact the Firm
GlobeNewswire News Roomยท2025-07-28 23:13

Core Insights - Class actions have been initiated for investors of Vestis Corporation (NYSE: VSTS) and Tempus AI, Inc. (NASDAQ: TEM) due to alleged misleading statements and undisclosed material facts [1][2][4] Vestis Corporation (NYSE: VSTS) - The class period for Vestis is from May 2, 2024, to May 6, 2025, with a lead plaintiff deadline of August 8, 2025 [2] - Allegations include that defendants made overly positive statements while concealing adverse facts about Vestis' business growth capabilities, particularly regarding customer experience and retention [2] - Following the announcement of poor financial results on May 7, 2025, Vestis withdrew its revenue guidance for fiscal year 2025, leading to a stock price drop from $8.71 to $5.44, a decline of approximately 37.54% in one day [3] Tempus AI, Inc. (NASDAQ: TEM) - The class period for Tempus is from August 6, 2024, to May 27, 2025, with a lead plaintiff deadline of August 11, 2025 [4] - The complaint alleges that Tempus inflated contract values and failed to disclose risks related to its joint venture with SoftBank and its acquisition of Ambry, which had questionable billing practices [4] - A report by Spruce Point Capital Management on May 28, 2025, raised concerns about Tempus' management and financial reporting, leading to a stock price decline from $65.87 to $53.20, a drop of 19.23% [5][6]