An investigation on behalf of investors in Guess?, Inc. (NYSE:GES) shares over potential wrongdoing at Guess?, Inc. was announced and NYSE:GES stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/26/2018 -- Certain directors of Guess Inc are under investigation over possible wrongdoing.
Investors who purchased shares of Guess?, Inc. (NYSE:GES) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Guess Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 1, 2018, Guess?, Inc. disclosed that in 2017 a website had approached the Company "seeking to post separate allegations that Paul Marciano, the Company's Executive Chairman and Chief Creative Officer, had acted inappropriately toward two women." Guess? stated that its investigation into the allegations "has not corroborated either allegation, and the Board of Directors has been unable to determine that either accusation has merit."
On February 7, 2018, the Board of Directors formed a Special Committee comprised of two independent directors to oversee an ongoing investigation into recent allegations of improper conduct by Paul Marciano. Mr. Marciano adamantly denies the allegations.
On February 9, 2018, Guess?, Inc. issued a statement saying that it takes seriously any allegation of sexual harassment and that the Company does not condone such misconduct in any form. Guess?, Inc said that the company is committed to completing an extensive and impartial investigation into all of the facts.
Those who purchased shares of Guess?, Inc. (NYSE:GES) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com