The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Vince Holding Corp. (NYSE: VNCE) who purchased shares between December 8, 2016 and April 27, 2017. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that (1) during the transition from legacy Kellwood systems, Vince experienced issues related to integrating its new enterprise resource planning systems; and (2) as a result, defendants’ statements about Vince’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Shareholders have until July 5, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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