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V.F. Corporation Faces Multiple Class Action Lawsuits Over Alleged Misleading Turnaround Statements
V.F. Corporation (VFC) is facing multiple class action lawsuits filed on behalf of investors who purchased its securities between October 30, 2023, and May 20, 2025, due to allegations of securities fraud. The complaints assert that VFC made materially false and misleading statements, particularly regarding its Vans brand turnaround plans, which required more significant reset actions than previously disclosed, resulting in a steep decline in Vans' revenue growth. This truth emerged with VFC's fiscal 2025 results in May 2025, showing a sharp increase in revenue loss for Vans and disappointing guidance, which caused a substantial drop in VFC's stock price. Additional lawsuits accuse VFC of minimizing risks such as seasonality and unreliable revenue forecasts, further misleading investors. Despite a recent short-term stock rally, the company’s longer-term performance remains poor, and the legal challenges add to market uncertainty about VFC's valuation and future prospects. Investors affected by these developments are encouraged to participate in the lawsuits to seek potential compensation.
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- 13 days ago
- Bias Distribution
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