NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all persons or entities that acquired Vitamin Shoppe, Inc. (VSI) securities during the period from March 1, 2017 through August 6, 2017 (the “Class Period”). The suit asserts claims for violation of the federal securities laws against Vitamin Shoppe (the “Company”) and several of its officers and directors. Pursuant to applicable law, investors have until October 27, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that during the Class Period, defendants failed to disclose that the Company’s retail segment was declining. Following the release of Vitamin Shoppe’s operating results and a revision of guidance on May 10, 2017, the share price fell from $19.00 to $12.70, a decline of $6.30 per share.
On August 9, 2017, Vitamin Shoppe announced that it was taking a $168.1 million impairment charge on the goodwill being carried on its books associated with its retail segment, and that as a result, it would report a loss. Following this news, Vitamin Shoppe's share price declined from $9.60 to $6.10, a decline of $3.50 per share.
If you acquired Vitamin Shoppe securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, 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 Miriam Bial by email at email@example.com, or telephone at (212) 371-6600, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. Kirby McInerney’s efforts on behalf of shareholders have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.