A lawsuit was filed on behalf of investors in Vitamin Shoppe Inc (NYSE:VSI) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/19/2017 -- An investor in NYSE:VSI shares filed a lawsuit against Vitamin Shoppe Inc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Vitamin Shoppe Inc (NYSE:VSI) have certain options and for certain investors are short and strict deadlines running. Deadline: October 27, 2017. NYSE:VSI investors should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Vitamin Shoppe Inc (NYSE:VSI) common shares between March 1, 2017 and August 6, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 1, 2017 and August 6, 2017, the defendant failed to disclose that the Company's retail segment was continuing to dramatically decline, as its ongoing "reinvention plan" was not meeting with success; ongoing changes to the Company's operating plan brought about through the "reinvention plan" had already rendered the more than $168 million in goodwill being carried on Vitamin Shoppe's books for the retail segment impaired and Vitamin Shoppe was improperly delaying recognizing that impairment charge; and as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about Vitamin Shoppe's financial prospects, including the viability of its return to profitability during fiscal 2017, and the success of its reinvention plan.
Those who purchased shares of Vitamin Shoppe Inc (NYSE:VSI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego