#United States #New York #Class Action #Securities Fraud #Vestis Corporation

Class Action Notification for Vestis Corporation Investors

Levi & Korsinsky, LLP has announced an urgent notification to all investors of Vestis Corporation (NYSE: VSTS) regarding a class action securities lawsuit affecting stakeholders who suffered losses between May 2, 2024, and May 6, 2025. If you are an investor impacted by this situation, you are encouraged to act quickly as the deadline to join this class action is August 8, 2025.

Overview of the Lawsuit

This lawsuit arises from allegations of securities fraud which have reportedly harmed investors' interests. According to the case details, Vestis provided overly optimistic statements about its performance and business prospects, all while omitting crucial information concerning its capacity to achieve growth and expansion. These statements included claims about strategic initiatives aimed at improving customer experience and increasing new customer acquisition, which were ultimately deemed misleading once the company's financials were made public.

A significant turning point occurred on May 7, 2025, when Vestis reported its quarterly results for the second quarter of fiscal 2025. The company not only withdrew its previously issued revenue and growth guidance for the full fiscal year but also issued a disappointing outlook for the third quarter. This prompted an immediate and sharp decline in the stock price—from $8.71 per share to $5.44 per share in a single day, marking a staggering drop of 37.54%. This decline reflected investor disappointment stemming from Vestis's inability to meet market expectations and the acknowledgment of lost business opportunities.

What Investors Should Do

If you have experienced losses in Vestis Corporation within the specified timeframe, you are welcome to request to be appointed as the lead plaintiff by reaching out to Levi & Korsinsky before the August 8 deadline. Importantly, participating in this class action does not necessitate you to serve as a lead plaintiff to share in any potential recovery.

No Cost to Class Members

Joining this class action involves no costs out-of-pocket for class members. Levi & Korsinsky emphasizes that there is no financial obligation to participate. If resolved favorably, eligible investors may receive compensation for their losses, easing the financial burden caused by the alleged fraudulent activities.

Why Choose Levi & Korsinsky?

With over 20 years of extensive experience, Levi & Korsinsky is dedicated to representing aggrieved shareholders. The firm's track record includes securing hundreds of millions of dollars in settlements across numerous high-profile cases. Ranked consistently as a top securities litigation firm by ISS Securities Class Action Services, the team at Levi & Korsinsky comprises over 70 professionals committed to serving the interests of their clients. If you are considering participating or need further information, feel free to contact Joseph E. Levi, Esq. at (212) 363-7500 or reach out via email at [email protected]

Contact Details and Further Information

To join the class action, please submit your details through the official link provided by Levi & Korsinsky. Investors can also learn more by reaching out directly to the firm.

Conclusion

As the August 8, 2025, deadline approaches, it is crucial for investors in Vestis Corporation to understand their rights and the avenues available for potential recovery of losses. Levi & Korsinsky is ready to assist investors in navigating this process. Don't hesitate to reach out and protect your interests today.