VF(US:VFC) Newsfile·2025-11-10 13:50Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation, alleging securities fraud that negatively impacted shareholders between October 30, 2023, and May 20, 2025 [2]. 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 [3]. - The lawsuit highlights that the true state of Vans' revenue growth trajectory was concealed, leading to significant setbacks [3]. Group 2: Financial Impact - On May 21, 2025, V.F. Corporation reported a significant decline in Vans' growth, with losses worsening from an 8% decline in the previous quarter to a 20% decline in the fourth quarter [4]. - The company attributed its disappointing results to deliberate actions taken to eliminate unprofitable businesses, which were previously unannounced, and indicated that even without these actions, Vans would have experienced a "high single digit" revenue decline [4]. - Following the announcement, V.F. Corporation'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 [4].