Globenewswireยท2025-09-23 22:05Group 1 - The core issue revolves around V.F. Corporation's significant decline in growth for its Vans brand, which reported a 20% loss in the fourth quarter of fiscal 2025, worsening from an 8% loss in the previous quarter [3] - The company attributed its disappointing results and below-expectation guidance to deliberate actions aimed at eliminating unprofitable businesses, indicating that even without these actions, Vans would have experienced a high single-digit revenue decline [3] - Following the announcement of these results, VFC's share price dropped by $2.28, approximately 15.8%, from $14.43 on May 20, 2025, to $12.15 on May 21, 2025 [3] Group 2 - A class action lawsuit has been filed on behalf of investors who purchased VFC securities between October 30, 2023, and May 20, 2025, alleging that the company made materially false and misleading statements regarding its turnaround plans for the Vans brand [4] - The lawsuit claims that the company concealed the need for additional significant reset actions to return the Vans brand to growth, which would adversely affect its revenue growth trajectory [4]