Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (NYSE: VFC) for allegedly misleading investors about the company's business prospects, particularly regarding the Vans brand turnaround efforts [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that V.F. Corporation misled investors about its plans to revitalize the Vans brand, including positive results from an inventory reset and new leadership appointments, while concealing the need for further significant reset actions to achieve growth [2]. - The complaint highlights that the company reported sequential revenue growth in the Vans brand but failed to disclose material adverse facts that would impact its revenue growth trajectory [2]. Group 2: Financial Impact - On May 21, 2025, V.F. Corporation reported a decline in Vans' growth trajectory, with losses increasing from 8% in Q3 to 20% in Q4, and projected continued declines into the next quarter [3]. - Following this announcement, VFC's stock price dropped from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, representing a decrease of approximately 15.8% [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their papers by November 12, 2025, to serve as lead plaintiff, representing other class members in the litigation [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4]. Group 4: About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
Investor Alert: Robbins LLP Informs Investors of the V.F. Corporation Class Action Lawsuit