Morgan & Morgan Announces Class Action Against Vitamin Shoppe, Inc. -- VSI


NEW YORK, May 9, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a class action has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Vitamin Shoppe, Inc. ("Vitamin Shoppe") (VSI) common stock during the period between May 8, 2012 and February 25, 2013 (the "Class Period"). The complaint charges Vitamin Shoppe and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

If you purchased Vitamin Shoppe and want more information about the Vitamin Shoppe securities fraud class action, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.

If you purchased Vitamin Shoppe between May 8, 2012 and February 25, 2013, you may request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's operations, business trends and same-store sales trends. Specifically, defendants failed to disclose that: (1) Vitamin Shoppe's business was then being negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements; (2) GNC's new discount program was negatively impacting the Company's sales growth; and (3) the Company was experiencing declining same-store sales trends. As a result of defendants' false and misleading statements, Vitamin Shoppe common stock traded at artificially inflated prices, enabling Company insiders to sell more than $30 million of their personally held Vitamin Shoppe common stock at inflated prices during the Class Period.

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Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder litigation, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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