#USA #New York #Class Action #Pomerantz LLP #Vestis Corporation

Class Action Lawsuit Filed Against Vestis Corporation

Investors in Vestis Corporation, listed on the NYSE under the ticker symbol VSTS, have recently been alerted to a class action lawsuit filed by Pomerantz LLP. The firm has a long-standing reputation in the domain of corporate and securities law, specializing in class litigation, and this latest suit could have significant implications for investors who have experienced losses.

Background on Vestis Corporation

Vestis Corporation has faced considerable scrutiny in the wake of its recent financial disclosures. On May 7, 2025, Vestis reported its financial results for the second quarter of fiscal 2025. Alarmingly, the company not only withdrew its revenue and growth guidance for the full fiscal year, but also issued third-quarter targets that notably disappointed market expectations. This unexpected turn of events triggered a serious decline in the company's stock price, falling by $3.27 per share, equating to a dramatic drop of 37.54 percent, leaving it at $5.44 per share by the end of the trading day.

The company's management attributed its troubling results to a decrease in business volume exceeding new business gains, coupled with ongoing challenges from an