VF(US:VFC) Prnewswireยท2025-09-25 12:45Core Viewpoint - V.F. Corporation (NYSE: VFC) is facing a class action lawsuit due to allegations of disseminating materially false and misleading statements regarding its turnaround plans for the Vans brand, which has resulted in significant revenue setbacks [1]. Summary by Sections Allegations - The complaint claims that VFC concealed material adverse facts about the necessity for additional significant reset actions to return the Vans brand to growth, leading to a decline in revenue growth trajectory [1]. - Following the release of VFC's fiscal 2025 results on May 21, 2025, it was revealed that Vans' growth had declined from an 8% loss in the previous quarter to a 20% loss in the fourth quarter, with expectations of continued decline [1]. Financial Impact - VFC attributed its disappointing results and below-expectation guidance to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and other unannounced actions [1]. - The company indicated that even without these deliberate actions, Vans would have experienced a "high single digit" revenue decline, suggesting a slowdown in growth compared to previous years [1]. - Following the announcement, 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 [1]. Next Steps for Shareholders - Shareholders who purchased VFC shares during the class period (October 30, 2023, to May 20, 2025) are encouraged to register for the class action lawsuit, with a deadline for lead plaintiff appointment set for November 12, 2025 [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Legal Representation - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect the rights of investors who have suffered losses due to misleading statements or omissions by VFC [3].