#United States #New York #Levi & Korsinsky #Vestis Corporation #VSTS

Introduction

Levi & Korsinsky, LLP has officially notified investors of Vestis Corporation (NYSE: VSTS) regarding involvement in a class action securities lawsuit. This legal proceeding aims to recover losses suffered by investors adversely impacted by alleged securities fraud, occurring within the timeframe from May 2, 2024, to May 6, 2025. Investors are strongly encouraged to review their options and the upcoming deadlines associated with this case.

Class Definition and Case Overview

The lawsuit is rooted in claims that Vestis Corporation, which is known for its ambitious market strategies and growth initiatives, made misleading statements regarding its business performance. During the specified period, the defendants reportedly presented overly optimistic statements to investors, while simultaneously suppressing material information about the company's actual growth capabilities. Significant factors included concerns about the company's ability to carry out strategic initiatives aimed at improving customer experiences and retaining market share.

On May 7, 2025, the company disclosed its financial results for the second quarter of fiscal 2025, revealing a major setback. Vestis withdrew its revenue guidance for the fiscal year 2025 and issued disappointing projections for the third quarter. This announcement revealed serious deficiencies in their growth metrics, partly attributed to a decline in business acquisitions compared to loss of existing customers. The immediate fallout of this disclosure prompted a drastic drop in the share price, plummeting from $8.71 on May 6, 2025, to $5.44 on May 7, 2025— a staggering 37.54% drop in value in just a single day.

Steps for Affected Investors

Investors who experienced losses during this critical period have a legal window until August 8, 2025, to request to serve as lead plaintiff in the lawsuit. However, it's important to note that participation in the litigation does not require serving as a lead plaintiff, enabling broader participation from class members. If you suffered financially due to Vestis and wish to partake in the lawsuit, engaging through Levi & Korsinsky can provide a way forward without upfront costs or fees.

The Call for Class Members

Levi & Korsinsky emphasizes the no-cost aspect for class members entitled to potential compensation. There are no out-of-pocket fees associated with taking part in this lawsuit. Their firm has a commendable reputation, having successfully represented investors in numerous complex securities litigations, and is recognized consistently among the top securities litigation firms across the United States.

Why Choose Levi & Korsinsky?

For over two decades, the attorneys at Levi & Korsinsky have been dedicated to securing substantial settlements for aggrieved shareholders, showcasing a proven track record in high-stakes securities litigations. With a specialized team of over 70 professionals, they are well-equipped to handle the complexities surrounding investor cases.

Conclusion

If you are a Vestis Corporation investor who believes you have been harmed, please consult Levi & Korsinsky to explore your rights and options. Contact Joseph E. Levi or Ed Korsinsky directly for detailed guidance and assistance regarding the upcoming legal proceedings. Your participation could be pivotal in seeking justice and recovery for your financial losses.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Telephone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com