#United States #New York #Gross Law Firm #securities lawsuit #V.F. Corporation

V.F. Corporation Faces Legal Action Over Alleged Securities Violations

In recent developments, V.F. Corporation, traded on the NYSE under the symbol VFC, has come under fire as The Gross Law Firm announces a class action lawsuit due to purported violations of securities law. This suit primarily affects shareholders who acquired VFC shares during a specified class period—from October 30, 2023, to May 20, 2025. Investors are advised to reach out to the law firm for more details on participating in the case, which could help recover losses incurred during this tumultuous financial period.

Background of the Case

The lawsuit originates from allegations that V.F. Corporation communicated materially misleading information regarding its plans for corporate restructuring, particularly about the Vans brand. According to the complaint, the company misrepresented its turnaround strategies, leading investors to believe that the brand was poised for recovery and growth. However, it has since surfaced that substantial reset measures were necessary to revive the Vans division, which was already experiencing downward revenue trends.

These revelations peaked on May 21, 2025, when V.F. Corporation announced its quarterly and annual fiscal results, showing a steep decrease in Vans' growth metrics. This disclosure was alarming: the brand experienced an 8% revenue loss in the preceding quarter, which escalated to a staggering 20% loss in the fourth quarter. The company’s management noted that these losses necessitated additional actions to rectify performance issues, which had not been publicly communicated prior to the release.

Investor Impact

The financial ramifications were immediate. Following the announcement, VFC’s share price plummeted from $14.43 to $12.15 on May 21, representing a nearly 15.8% reduction in just one day. This sharp decline further aggravated shareholders, many of whom felt blindsided by the company’s earlier optimistic portrayals of their financial health and recovery strategies.

The complaint underscores how V.F. Corporation’s leadership seemed to inadvertently (or perhaps intentionally) mislead the market about the feasibility of its growth strategies. It details that unless corrective actions were undertaken, the Vans division's performance would continue to deteriorate significantly.

Next Steps for Investors

As the situation unfolds, shareholders holding VFC shares within the specified class period are strongly encouraged to register for the class action to safeguard their rights as investors. The Gross Law Firm has set a deadline for lead plaintiff applications for November 12, 2025. However, participation in the lawsuit does not require an individual to be appointed as a lead plaintiff.

Upon registration, participants will have access to a portfolio monitoring system, which will offer continuous feedback on the lawsuit's progress. Shareholders looking to engage in or learn more about the case can do so through the law firm's dedicated portal.

Conclusion

The Gross Law Firm, renowned for advocating on behalf of investors affected by misinformation and financial fraud, is committed to ensuring accountability among corporations like V.F. Corporation. This situation highlights the critical importance of transparency in business communications and has sparked broader dialogues about corporate governance practices. Shareholders are actively encouraged to exercise their rights and seek recovery for any financial impact resulting from the alleged securities violations. With vigilant legal avenues available through firms like Gross Law, investors may find pathways to recuperate their losses amid corporate uncertainty.

For more detailed information or to participate in the lawsuit, shareholders can visit Gross Law Firm's website.