VF(US:VFC) Prnewswire·2025-10-06 18:45Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) by Berger Montague PC on behalf of investors who purchased shares between October 30, 2023, and May 20, 2025, alleging that the company misled investors regarding its brand recovery efforts, particularly for the Vans brand [1][3]. Group 1: Lawsuit Details - The lawsuit claims that VFC made positive statements about its brand recovery while concealing significant reset measures that were already in progress [3]. - Investors who acquired VFC securities during the class period have until November 12, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Financial Performance - On May 21, 2025, VFC reported a 20% revenue decline for the Vans brand in Q4 of fiscal 2025, following an 8% decline in the previous quarter [4]. - The company attributed part of this revenue shortfall to restructuring and revenue-reduction strategies that had not been publicly communicated, indicating that even without these actions, Vans would have faced a high single-digit revenue decline [4]. Group 3: Market Reaction - Following the disclosure of the revenue decline, VFC shares fell over 15%, dropping from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025 [5].