SAN DIEGO, May 8, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Vitamin Shoppe Inc. (VSI) common stock over alleged violations of Federal Securities Laws by Vitamin Shoppe Inc. in connection with certain allegedly false and misleading statements made between May 8, 2012 and February 25, 2013.
If you purchased a significant amount of shares of Vitamin Shoppe Inc. (VSI) between May 8, 2012 and February 25, 2013, and / or if you purchased VSI shares prior to May 2012 and currently hold any of those VSI shares, you have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that Vitamin Shoppe Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934. More specifically, the plaintiff claims that defendants allegedly failed to disclose that Vitamin Shoppe's business was being negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements, that GNC's new discount program was negatively impacting Vitamin Shoppe's sales growth, and that Vitamin Shoppe was experiencing declining same-store sales trends.
Then on Feb. 26, 2013, Vitamin Shoppe Inc. announced its fourth quarter and full year 2012 results. Shares of Vitamin Shoppe Inc. declined from almost $65 per share on February 19, 2013 to $51.44 per share on Feb. 26, 2013.
On May 7, 2013, Vitamin Shoppe Inc. announced its first quarter 2013 results. Shares of Vitamin Shoppe Inc. declined from $49.70 per share on May 6, 2013 to as low as $44.34 per share on May 7, 2013.
The plaintiff seeks to recover damages.
Those who purchased shares of Vitamin Shoppe Inc. have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon