NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces it has commenced an investigation of Vince Holding Corp. (“Vince”) (NYSE: VNCE) concerning possible violations of federal securities laws.
On December 8, 2016, Vince disclosed that it was transitioning its Kellwood systems and services. On April 14, 2017, Vince disclosed that the filing of its Form 10-K for fiscal year 2016 with the SEC will be delayed due to “the transition from Kellwood, the Company’s former parent company, and the integration of the Company’s new ERP System with its internal business processes and third-party systems.” On April 28, 2017, Vince disclosed that “[r]esults for the fourth quarter came in below our expectations, due primarily to challenges related to our systems conversion.” On an earnings call that sameday, CFO David Stefko stated that “our fourth quarter topline sales results did not meet our expectations, primarily due to the challenges we encountered as a result of our complex systems conversion.” To obtain additional information, go to:
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