An investigation for investors in Guess?, Inc. (NYSE:GES) shares over potential securities laws violations by Guess?, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/13/2018 -- An investigation was announced for investors in NYSE:GES shares concerning possible violations of securities laws by Guess?, Inc. in connection with certain financial statements.
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 focuses on whether a series of statements by Guess?, Inc. (NYSE:GES regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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.
Shares of Guess?, Inc. (NYSE:GES) declined on February 5, 2018 to as low as $14.17 per share.
On February 12, 2018, NYSE: GES shares closed at $14.79 per share.
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