Vestis Corporation Class Action Lawsuit - VSTS

The filed complaint alleges that Vestis Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) Aramark, a company providing food service and facilities management, had historically underinvested in the business that became Vestis; (2) Vestis operated with outdated facilities and an underperforming sales force; (3) Vestis’s outdated facilities and underperforming sales force led to “service gaps” that had impeded the Company’s levers of growth and had resulted in customer attrition; and (4) as a result of the above, defendants’ statements about Vestis’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

In order to be eligible to join the VSTS class action lawsuit, you must have incurred a loss on shares of Vestis purchased during the class period listed above.

If you suffered a loss in Vestis during the relevant time frame or pursuant to the relevant offering(s), you have until July 16, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.