LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Vince Holdings Corp. (“Vince Holdings Corp.” or the “Company”) (NYSE: VNCE) 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 Corp. 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.