Vestis Corporation Faces Lawsuit Over Misleading Statements.

The Gross Law Firm is issuing a notice to shareholders of Vestis Corporation (NYSE: VSTS) regarding possible lead plaintiff appointment in a class action lawsuit. The complaint alleges that Vestis provided false and misleading statements about its business growth and ability to execute strategic initiatives. Shareholders who purchased shares during the class period (May 2, 2024 to May 6, 2025) are encouraged to contact the firm for possible recovery.

The Gross Law Firm has issued a notice to shareholders of Vestis Corporation (NYSE: VSTS) regarding a potential lead plaintiff appointment in a class action lawsuit. The complaint alleges that Vestis provided false and misleading statements about its business growth and ability to execute strategic initiatives. Shareholders who purchased shares during the class period (May 2, 2024 to May 6, 2025) are encouraged to contact the firm for possible recovery [1].

According to the complaint, Vestis made overwhelmingly positive statements to investors while simultaneously disseminating materially false and misleading statements. This included concealing material adverse facts about the company's ability to grow its business and execute planned strategic initiatives. On May 7, 2025, Vestis announced its financial results for the second quarter of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year 2025, and provided guidance for the third quarter of fiscal 2025 that fell significantly below market expectations. The company attributed its poor results partially to "lost business in excess of new business," but primarily to "lower adds over stops," which is how they describe volume changes with their existing customers. Following this announcement, the price of Vestis' common stock declined dramatically, falling from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, a decline of about 37.54% in a single day [2].

The deadline to register for this class action is August 8, 2025. Shareholders should not delay in registering. Once registered, they will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case. There is no cost or obligation to participate in the case [1].

The Gross Law Firm is a nationally recognized class action law firm committed to protecting the rights of investors who have suffered as a result of deceit, fraud, and illegal business practices. The firm seeks recovery on behalf of investors who incurred losses due to false and/or misleading statements or the omission of material information by a company, leading to artificial inflation of the company's stock [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/16/3116494/0/en/The-Gross-Law-Firm-Reminds-Shareholders-of-a-Lead-Plaintiff-Deadline-of-August-8-2025-in-Vestis-Lawsuit-VSTS.html
[2] https://www.morningstar.com/news/globe-newswire/9494997/the-gross-law-firm-reminds-shareholders-of-a-lead-plaintiff-deadline-of-august-8-2025-in-vestis-lawsuit-vsts