NEW YORK, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (“SFMS”) announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey (Civil Action No. 17-06454) against Vitamin Shoppe, Inc. (“Vitamin Shoppe” or the “Company”) (NYSE:VSI) and certain of its officers and directors. The case seeks remedies under the Securities Exchange Act of 1934 and is brought on behalf of a class consisting of all persons or entities that acquired Vitamin Shoppe securities between March 1, 2017 and August 6, 2017, inclusive (the “Class Period”). If you would like to discuss this action or have any questions regarding this notice or your rights, please contact either Bruce Parke (bparke@sfmslaw.com) or Jonathan Dilger (jdilger@sfmslaw.com); (866) 540-5505.
The Complaint alleges that, throughout the Class Period, Vitamin Shoppe made false and/or misleading statements and/or failed to disclose that: (1) the Company’s retail segment was suffering a severe decline due to a lack of success with its ongoing reinvention strategy; (2) changes to the Company’s operating plan had rendered the more than $168 million in goodwill being carried on Vitamin Shoppe’s books for the retail segment impaired; (3) the Company inappropriately delayed recognizing the impairment charge; and (4) as a result, defendants’ public statements about the Company’s financial prospects and the success of its reinvention plan were materially false and misleading at all relevant times.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS TIME. If you purchased or otherwise acquired Vitamin Shoppe securities during the Class Period, we encourage you to contact us with any questions prior to the October 27, 2017 lead plaintiff motion deadline.
SFMS is recognized as an accomplished firm in the areas of securities, corporate governance, antitrust and employee benefits litigation with offices in California, Connecticut, Florida, New Jersey, New York and Pennsylvania, as well as affiliate offices in London, England, and Milan, Italy. SFMS has recovered hundreds of millions of dollars on behalf of investors. For more information, please visit us at http://www.sfmslaw.com.