NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of J.Jill, Inc. (NYSE:JILL) concerning possible violations of federal securities laws.
On March 9, 2017, the Company sold 11,666,667 common stock shares at a price of $13 per share for gross proceeds of over $150 million. On October 11, 2017, J.Jill announced lowered guidance for the third quarter ending October 28, 2017, citing “a lower than expected sales trend…” Following this news, shares of J.Jill common stock fell to a close of $4.86 per share on October 12, 2017.
If you suffered a loss in J.Jill and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/JILL-Info-Request-Form-222.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.