VF(US:VFC) Prnewswireยท2025-10-10 13:00Core Viewpoint - V.F. Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between October 30, 2023, and May 20, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that V.F. Corporation made materially false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand, which required significant reset actions to return to growth [2] - On May 21, 2025, V.F. Corporation reported a significant decline in Vans' growth trajectory, with losses worsening from an 8% decline in the previous quarter to a 20% decline in the fourth quarter [2] - The company attributed its disappointing results and below-expectation guidance to deliberate revenue reductions aimed at eliminating unprofitable businesses, indicating that even without these actions, Vans would have experienced a "high single digit" revenue decline [2] Group 2: Stock Price Impact - Following the negative news on May 21, 2025, V.F. Corporation's stock price dropped from $14.43 per share to $12.15 per share, marking a decline of approximately 15.8% in one day [2] Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 12, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 4: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4]