Lawsuit for Investors Who Lost Money With Vintage Wine Estates, Inc. (NASDAQ:VWE) Shares Announced by the Shareholders Foundation
01/24/2023 - 09:35 AM
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: mail@shareholdersfoundation.com
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.
https://www.accesswire.com/736467/Lawsuit-for-Investors-Who-Lost-Money-With-Vintage-Wine-Estates-Inc-NASDAQVWE-Shares-Announced-by-the-Shareholders-Foundation
Vintage Wine Estates Inc
NASDAQ:VWE
VWE Rankings
#5295 Ranked by Stock Gains
VWE Stock Data
Industry
Wineries
Sector
Manufacturing
Country
US
City
Santa Rosa
About VWE
vintage wine estates is a privately held collection of vintner family-owned winery estates and brands based in santa rosa, california. we are an industry leader across all sales channels and dedicated to providing wine consumers with a range of wine selections from $10 to $150 dollars. customer service is central in our culture, with focus on both our external and our internal customers. vintage wine estates is a dynamic, growing organization. we value individuals with an entrepreneurial spirit who enjoy working with a professional, results-driven team in a collaborative environment. careers: http://www.vintagewineestates.com/careers the portfolio includes clos pegase, cosentino winery, girard winery, viansa sonoma, windsor vineyards, b.r. cohn winery, cartlidge & browne, sonoma coast vineyards, ray’s station, swanson winery, cameron hughes wines, middle sister, wine sisterhood, pro-mis-q-ous, monogamy, girl & dragon, purple cowboy and a number of exclusive wine brands.
