Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) by Berger Montague on behalf of investors who acquired VFC shares between October 30, 2023, and May 20, 2025, alleging misrepresentation regarding the company's business transformation plan and its impact on financial performance [1][3]. Company Overview - V.F. Corporation is a leading global apparel and footwear company based in Denver, Colorado, owning well-known brands such as Vans, The North Face, Timberland, and JanSport [2]. Allegations - The lawsuit claims that VFC misrepresented the scope and progress of its business transformation plan, particularly failing to disclose necessary reset actions to address declining performance at the Vans brand [3]. - It is alleged that these undisclosed actions materially affected the company's financial outlook [3]. Financial Impact - On May 21, 2025, VFC reported a 20% drop in Vans revenue for the fourth quarter, compared to an 8% decline in the previous quarter, attributing the declines to internal restructuring and undisclosed revenue reductions [4]. - VFC acknowledged that even without these measures, Vans would have experienced a high single-digit revenue decline [4]. - Following the announcement, VFC's stock price fell sharply by 15.8%, from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025 [4].

Core Points - 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 [1][2] - The lawsuit claims that VFC misled investors regarding the effectiveness of its turnaround plan, particularly for the Vans brand, failing to disclose necessary restructuring steps that were already in progress [3][4] - Following a report of a 20% decline in Vans revenue for Q4 fiscal 2025, VFC's stock price dropped over 15% in a single day, indicating significant investor concern [4] 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] Financial Performance - In Q4 fiscal 2025, Vans revenue declined by 20%, worsening from an 8% decline in the previous quarter, attributed to undisclosed internal cost-cutting and restructuring actions [4] - VFC indicated that even without these restructuring measures, Vans would have experienced a high single-digit revenue decline, raising concerns about deeper issues within the brand [4]

Core 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].

Core Points - 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 [1][2] - The lawsuit alleges that VFC misled investors regarding the effectiveness of its turnaround plan, particularly concerning the Vans brand, failing to disclose necessary restructuring steps that were already in progress [3] Financial Performance - 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 [4] - The company attributed the revenue shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues, as Vans would have reported a high single-digit revenue decline even without these measures [4] - 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, representing a decline of over 15% [4]

Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly misleading investors regarding its turnaround plan, particularly concerning the Vans brand [1][3]. Company Overview - VFC 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]. Lawsuit Details - The lawsuit pertains to investors who purchased VFC shares between October 30, 2023, and May 20, 2025, with a deadline of November 12, 2025, for potential lead plaintiff appointments [2]. - The complaint claims that VFC did not disclose necessary restructuring steps for Vans, which negatively impacted revenue and contradicted earlier public statements [3]. Financial Performance - On May 21, 2025, VFC reported a 20% decline in Vans revenue for Q4 fiscal 2025, worsening from an 8% decline in the previous quarter [4]. - The company attributed this shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues [4]. - Following the revenue announcement, VFC's stock price dropped from $14.43 to $12.15, a decline of over 15% [4].