BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Vince Holdings Corp. (“Vince Holdings” or the “Company”) (NYSE: VNCE) investors concerning the Company and its officers’ possible violations of federal securities laws.
On April 28, 2017, the Company announced that results for the fourth quarter came in below its expectations, and attributed the shortfall to “challenges related to our systems conversion, which led to delayed shipments of Spring product and off-price shipments, as well as lower than expected performance in our pre-Spring collection.”
On this news, the Company’s share price fell by more than 25% to close at just $1.00 per share on April 28, 2017, thereby injuring investors. The investigation concerns whether the Company concealed problems related to its ERP system from shareholders.
If you purchased Vince Holdings securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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