VF(US:VFC) Prnewswireยท2025-10-16 21:06Core Viewpoint - 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, alleging that the company misled investors regarding its turnaround plan for the Vans brand [1][3]. Company Overview - V.F. Corporation, headquartered in Denver, Colorado, is a global leader in branded lifestyle apparel, footwear, and accessories, owning well-known brands such as Vans, The North Face, Timberland, and JanSport [2]. Allegations - The lawsuit claims that VFC failed to disclose necessary additional restructuring steps for Vans, which were already in progress and negatively affecting revenue, contradicting earlier public statements [3]. - 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, attributed to undisclosed internal cost-cutting and restructuring actions [4]. Financial Impact - Following the revenue 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].