VF(US:VFC) Globenewswireยท2025-09-12 20:28Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly disseminating false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand's revenue growth trajectory [4]. Summary by Sections Lawsuit Announcement - A class action lawsuit titled Sharon Brenton v. V.F. Corporation has been initiated in the United States District Court for the District of Colorado for individuals who purchased VFC securities between October 30, 2023, and May 20, 2025 [1]. Allegations - The complaint alleges that VFC concealed material adverse facts about its turnaround plans, specifically that significant reset actions were necessary to return the Vans brand to growth, which would negatively impact Vans' revenue growth trajectory [4]. Financial Impact - On May 21, 2025, VFC reported a significant decline in Vans' growth, with losses worsening from 8% in the previous quarter to 20% in the fourth quarter. The company attributed this decline to deliberate actions taken to eliminate unprofitable businesses, which would have resulted in a high single-digit revenue decline even without these actions [5]. Stock Price Reaction - Following the disclosure of the financial results, VFC's stock price dropped from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decline of approximately 15.8% in one day [5]. Legal Participation - Investors who suffered losses in VFC securities have until November 12, 2025, to request to be appointed as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as a lead plaintiff [6].