Overview
- Bronstein, Gewirtz & Grossman, the Rosen Law Firm and Bernstein Liebhard have filed federal class actions alleging that Vestis and certain officers violated the Securities Exchange Act.
- The complaints assert that positive public statements concealed material problems with planned growth initiatives, triggering a 37.54% drop in Vestis’s share price on May 7, 2025.
- The proposed class covers investors who acquired Vestis securities between May 2, 2024 and May 6, 2025, inclusive.
- Prospective lead plaintiffs must file motions in the U.S. District Court for the Southern District of New York by August 8, 2025 to steer the litigation.
- All participating firms are offering contingency-fee arrangements, meaning investors can join at no upfront cost and pay legal fees only from any future recovery.