VF(US:VFC) Prnewswire·2025-09-30 13:11Core Points - A class action lawsuit has been filed against V.F. Corporation (VFC) by Berger Montague on behalf of investors who purchased shares between October 30, 2023, and May 20, 2025 [1][2] - The lawsuit alleges that VFC misled investors regarding the effectiveness of its turnaround plan, particularly concerning the Vans brand, failing to disclose necessary restructuring steps that were already in progress [3] Financial Performance - On May 21, 2025, VFC reported a 20% decline in Vans revenue for the fourth quarter of fiscal 2025, worsening from an 8% decline in the previous quarter [4] - The company attributed the revenue shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues, as Vans would have reported a high single-digit revenue decline even without these measures [4] - 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, representing a decline of over 15% [4]