LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of V.F. Corporation (“VF” or the Company”) (NYSE:VFC) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On January 23, 2020, V.F. Corporation announced that it intends to sell the brands comprising its work segment, excluding Dickies and Timberland PRO. The Company also disclosed that its work brands contributed only about $865 million in revenue and $130 million in adjusted operating income for fiscal year 2019.
On this news, V.F. Corporation’s share price fell $9.16 per share, or nearly 10%, to close at $85.41 per share on January 23, 2020, thereby injuring investors.
If you purchased V.F. 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 Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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