-

Award Winning Firm Labaton Sucharow Investigating Vintage Wine Estates, Inc. f/k/a Bespoke Capital Acquisition Corp. (NASDAQ: VWE, VWEWW, BSPE)

NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, announces that it is investigating Vintage Wine Estates, Inc. f/k/a Bespoke Capital Acquisition Corp ("Vintage Wine" or "the Company") (NASDAQ: VWE, VWEWW, BSPE) for violations of the federal securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Vintage Wine issued a press release on September 13, 2022, revealing that it had taken $19.1 million in non-cash inventory adjustments that it had “identified through efforts to improve and strengthen inventory management, processes and reporting.” The Company added that the adjustments included “physical inventory count adjustments of $12.4 million, $3.7 million related to the establishment of inventory reserves and $3.0 million related to the impact of additional remediation efforts.” The Company admitted that these adjustments had fueled a larger loss in the fourth quarter of 2022. Based on this news, shares of Vintage Wine plunged by more than 40% in intraday trading on September 14, 2022.

If you currently own stock or options in Vintage Wine Estates, Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

Contacts

David J. Schwartz
(800) 321-0476
david@labaton.com

Industry:

Labaton Sucharow LLP

NASDAQ:VWE
Release Versions
English

Contacts

David J. Schwartz
(800) 321-0476
david@labaton.com

More News From Labaton Sucharow LLP

Labaton Keller Sucharow LLP Pursues Claims Against Snap Inc. for Negative Effects on Adolescent Mental Health

NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP (“Labaton” or the “Firm”), a premier plaintiff’s law firm, is pursuing individual arbitration claims against Snap Inc., the company behind the social media app Snapchat, on behalf of individuals who suffered mental or physical harm as a result of using the app during childhood or adolescence. Snapchat is a social media app where users can send disappearing photos and videos. The Firm is representing eligible individuals in arbitration claim...

Labaton Keller Sucharow LLP Files Securities Class Action Against Primoris Services Corporation

NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP (“Labaton”) has filed a securities class action lawsuit (the “Action”) on behalf of its clients Boston Retirement System (“Boston”) and NS Pension Public Equity Fund (“NS Pension”) against Primoris Services Corporation (“Primoris” or the “Company”) (NYSE: PRIM) and certain Primoris officers and directors (collectively, “Defendants”). The Action, which is captioned Boston Retirement System v. Primoris Services Corp., No. 26-cv-02416-B (N.D. T...

Labaton Keller Sucharow LLP Launches Corporate Accountability & Governance Task Force

NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP is pleased to announce the launch of its new Corporate Accountability & Governance Task Force, designed to help institutional investors advance corporate accountability while pursuing meaningful shareholder recoveries. Created in response to the increasing needs of our clients, the Task Force will provide clients with strategic advice on opportunities to drive positive corporate change through securities and shareholder litigation. This...
Back to Newsroom