NEW YORK,
March 10,
2023 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on behalf of
shareholders of National Vision Holdings, Inc. (NASDAQ: EYE).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/national-vision-class-action-loss-submission-form/?id=37157&from=4
This lawsuit is on behalf of all persons who
purchased shares of National Vision common stock between
May 13, 2021, and May 9, 2022, both dates inclusive.
Shareholders interested in acting as a lead
plaintiff representing the class of wronged shareholders have until
March 28, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, National Vision
Holdings, Inc. issued materially false and/or misleading statements
and/or failed to disclose that: (a) National Vision was
experiencing extraordinary wage and labor pressures as a result of
intense competition and disruptions in the labor market due to the
COVID-19 pandemic; (b) National Vision had made a significant
multi-million dollar investment in wage and compensation payments
to its vision care professionals in order to prevent mass
defections in the middle of 2021; (c) the enhanced payouts were
expected to negatively impact the Company's fourth quarter 2021
costs and profit margins to an extent materially greater than what
had been disclosed to investors; (d) as a result of (a)-(c) above,
the Company's profitability metrics were expected to deteriorate
below not only favorable 2020 results, but also pre-pandemic
levels; e) the Company's recruitment and retention efforts had not
been successful and there was a substantial undisclosed risk that
National Vision would experience staff and optometrist shortages
and capacity constraints.
Jakubowitz Law is vigorous in pursuit of justice
for shareholders who have been the victim of securities fraud.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law