ACCESSWIRE
25 Jan 2023, 00:43 GMT+10
SAN DIEGO, CA / ACCESSWIRE / January 24, 2023 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Vintage Wine Estates, Inc. (NASDAQ:VWE) shares.
Investors who purchased Vintage Wine Estates, Inc. (NASDAQ:VWE) shares prior to October 2021 and continue to hold any of their NASDAQ:VWE shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 14, 2022, a lawsuit was filed against Vintage Wine Estates, Inc. over alleged violations of Securities Laws. The plaintiff alleges that the defendants failed to disclose to investors that, due to a material weakness related to its inventory controls and procedures, the Company lacked a reasonable basis to report inventory metrics, that the Company understated its overhead burden in certain quarters, thereby overstating its adjusted EBITDA, that, as a result of the foregoing, Vintage Wine was reasonably likely to incur significant charges to restate prior reporting, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
Those who purchased Vintage Wine Estates, Inc. (NASDAQ:VWE) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationLONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...
TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...
IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...
SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...
WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...
OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...
CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...
WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...
Double-doubles by Paolo Banchero and Wendell Carter Jr. carried the Orlando Magic to a 119-113 victory against the host Charlotte ...
No. 23 Miami and unranked Duke have little time to celebrate after picking up key Atlantic Coast Conference wins over ...
Dereck Lively's basket off an offensive rebound with 1:45 to play broke a tie and Duke's defense did the rest ...
Washington [US], February 5 (ANI): The United States has shot down a Chinese spy balloon over the Atlantic Ocean, CNN ...