Bronstein, Gewirtz & Grossman LLC Announces Vestis Corporation Investors May Join Class Action Lawsuit!

NEW YORK, NY / ACCESSWIRE / June 3, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation (“Vestis” or “the Company”) (NYSE: VSTS) and certain of its officers.

Class definition:

This action seeks to recover damages from defendants for alleged violations of the federal securities laws on behalf of all persons and entities who purchased or otherwise acquired Vestis securities between October 2, 2023 and May 1, 2024, inclusive (the “Litigation Period”). Such investors are encouraged to join this case by visiting the Company’s website: bgandg.com/VSTS.

Case details:

The complaint alleges that during the Class Period, Defendants made materially false and misleading statements and failed to disclose that: (1) Aramark had historically underinvested in the business that became Vestis; (2) Vestis operated with outdated facilities and a subpar sales force; (3) Vestis’ outdated facilities and subpar sales force resulted in “service gaps” that hindered the Company’s growth and resulted in customer attrition; and (4) as a result of the foregoing, Defendants’ statements about Vestis’ business, operations and prospects were materially false and misleading statements and/or lacked a reasonable basis at all relevant times.

What’s next?

A class action lawsuit has already been filed. If you would like to review a copy of the lawsuit, you may visit the firm’s website: bgandg.com/VSTS or you may contact Peretz Bronstein, Esq. or his Client Relations Manager Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Vestis, you have until July 16, 2024 to request that the court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.

There are no costs for you

We represent investors in class action lawsuits on a contingency basis, meaning we ask the court to reimburse us for our expenses and attorney fees (usually a percentage of the total award) only if we win.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm representing investors in securities fraud class action lawsuits and shareholder actions involving derivatives trading. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Past results do not guarantee similar results.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz & Grossman, LLC