NEW
YORK, March 24, 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=37569&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