J.JILL, INC. INVESTOR ALERT: Girard Gibbs Investigates Potential Securities Law Violations
October 13 2017 - 7:00AM
Business Wire
Girard Gibbs LLP is investigating claims on behalf of investors
of J.Jill, Inc. (NYSE: JILL) involving possible securities law
violations.
To speak privately with an attorney regarding this class
action lawsuit investigation, click here.
After the close of trading on Wednesday, October 11, 2017,
J.Jill announced that it experienced a lower than expected sales
trend across both its retail and direct channels, and that it
anticipates same-store sales will fall 3% to 5% in the third
quarter. Prior guidance for J.Jill called for comparable sales to
increase in the high single digits.
Following this news, on October 12, 2017, J.Jill’s stock price
plunged by more than 51% to close at $4.86, causing significant
harm to investors.
This news comes just seven months after the company’s initial
public offering priced at $13.00 per share on March 9, 2017.
According to an analyst at Wells Fargo, “The real issue is that
following their recent IPO, the J.Jill story was predicated on
sustainable, steady mid-single-digit-to-high-single-digit comp
growth and margin expansion, meaning that something may have gone
very wrong over the past six months.”
Our investigation focuses on whether information disclosed in
connection with the Company’s IPO was materially misleading, or
whether the IPO offering material omitted material information that
should otherwise have been disclosed to investors.
If you purchased or acquired shares of J.Jill and would like to
speak privately with a securities attorney to learn more about the
investigation and your legal rights, visit our website or contact
the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms
representing individual and institutional investors
in securities litigation to correct abusive corporate
governance practices, breaches of fiduciary duty, and proxy
violations. The firm has recovered over a billion dollars for its
clients against some of the world’s largest corporations, and has
earned Tier-1 rankings and been named in the U.S. Lawyers –
Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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Girard Gibbs LLPEileen Epstein,
510-350-9728EJE@CLASSLAWGROUP.COM
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