SAN DIEGO, Oct. 11, 2017 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP is investigating potential
violations of the federal securities laws by J.Jill, Inc. (NYSE:
JILL) ("J.Jill") and certain of its officers and directors. J.Jill
operates as a specialty retailer of women's apparel under the
J.Jill brand in the United
States.
Specifically, Johnson Fistel's
investigation seeks to determine whether certain statements
regarding J.Jill's business and prospects were false and misleading
when made.
On March 9, 2017, J.Jill stock
opened for trading at $12.75, the
same day that the Company sold 11.7 million shares of stock in its
initial public stock offering (the "IPO"). However, just
seven months after its IPO, J.Jill common stock has dropped below
$6.10 per share, in after-market
trading on October 11, 2017. On
October 11, 2017, J.Jill issued press
release updating its guidance for the third quarter ending
October 28, 2017. For the third
quarter 2017, the Company now expects total company comparable
sales of -3% to -5%, with a moderate decline in gross margin as
compared to last year. Prior guidance for J. Jill called for
comparable sales to increase in the high single digits.
If you have information that could assist in this
investigation, or if you are a J.Jill shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone
number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original
content:http://www.prnewswire.com/news-releases/jjill-jill-alert-johnson-fistel-announces-investigation-of-jjill-inc-encourages-investors-to-contact-the-firm-for-additional-information-300535315.html
SOURCE Johnson Fistel, LLP