VF(US:VFC) Globenewswire·2025-10-16 20:00Core 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 [3][4]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from October 30, 2023, to May 20, 2025 [3]. - Allegations include 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 [3]. Financial Impact - VFC reported a significant decline in Vans' growth trajectory, with losses worsening from an 8% loss in the previous quarter to a 20% loss in the fourth quarter of fiscal 2025 [3]. - The company attributed its disappointing results and below-expectation guidance to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and other unannounced actions [3]. - Even without these deliberate actions, Vans would have shown a "high single digit" revenue decline, indicating a slowdown in growth compared to prior years [3]. - 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 [3]. Next Steps for Shareholders - Shareholders who purchased VFC shares during the specified timeframe are encouraged to register for the class action, with a deadline of November 12, 2025, to seek lead plaintiff status [4]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Law Firm Information - The Gross Law Firm is leading the class action, focusing on protecting investors' rights against deceit and fraud [5].