BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of J.Jill, Inc. (“J.Jill” or the “Company”) (NYSE: JILL) investors concerning the Company and its officers’ possible violations of federal securities law.
The investigation concerns whether or not certain statements regarding J.Jill's business and prospects were false and misleading when made.
On October 11, 2017, J.Jill announced that the Company was updating its guidance for the third quarter ending October 28, 2017. Specifically, the Company now expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year.
On this news, J.Jill’s stock price fell $5.07 per share, or more than 50%, to close at $4.86 per share on October 12, 2017, thereby injuring investors.
If you purchased J.Jill 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 firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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