
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Vestis Corporation due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the specified class period [2][3]. Group 1: Legal Investigation - A class action complaint was filed against Vestis on August 8, 2025, concerning the period from May 2, 2024, to May 6, 2025 [2]. - The investigation focuses on whether the board of directors of Vestis has breached their fiduciary duties to the company [2]. Group 2: Allegations and Financial Performance - The complaint alleges that defendants made overwhelmingly positive statements while concealing material adverse facts about Vestis' business growth capabilities [3]. - On May 7, 2025, Vestis announced disappointing financial results for Q2 2025, withdrew its revenue guidance for the full fiscal year, and provided lower-than-expected guidance for Q3 2025 [4]. - 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 [4].