SHAREHOLDER ALERT: Spector, Roseman & Kodroff, P.C. Announces Class Action Lawsuit Filed Against J. Jill, Inc.
October 23 2017 - 4:36PM
Business Wire
The law firm of Spector, Roseman & Kodroff, P.C. announces
that a securities class action lawsuit has been filed on behalf of
investors who purchased J. Jill, Inc. (“J. Jill” or the “Company”)
(NYSE: JILL) securities issued pursuant and/or traceable to the
Company’s initial public offering (“IPO”) on or about March 9,
2017.
The complaint alleges that in the Company’s IPO offering
documents, defendants made materially false and misleading
statements regarding J. Jill’s purported ability to leverage
customer data in order to mitigate fashion risk and drive
predictable financial performance. On October 11, 2017, the Company
revealed that its financial results for the third quarter of fiscal
2017 would be significantly lower than previously stated. Following
this news, the price of J. Jill stock dropped $5.07 per share, or
approximately 51%, to close at $4.86 per share on October 12,
2017.
If you purchased J. Jill securities pursuant or traceable to the
IPO, you may, no later than December 12,
2017, move to be appointed as a Lead Plaintiff in this
class action. A Lead Plaintiff is a representative chosen by the
Court that acts on behalf of other class members in directing the
litigation.
If you have sustained substantial losses in J. Jill securities
purchased pursuant or traceable to the IPO and wish to move to be
appointed as Lead Plaintiff, please contact Spector, Roseman &
Kodroff, P.C. at classaction@srkattorneys.com.
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please call us
toll-free at 888-844-5862 or via e-mail at
classaction@srkattorneys.com. For more detailed information about
the firm please visit its website at
http://www.srkattorneys.com.
Spector, Roseman & Kodroff, P.C., located in Philadelphia,
Pennsylvania, concentrates its practice in complex litigation
including actions dealing with securities laws, antitrust,
contract, and commercial claims. The firm is active in major
litigation pending in federal and state courts throughout the
United States. The firm’s reputation for excellence has been
recognized on repeated occasions by courts which have appointed the
firm as lead counsel in numerous major class actions. The firm has
recovered hundreds of millions of dollars through judgments and
settlements on behalf of thousands of defrauded shareholders and
companies.
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version on businesswire.com: http://www.businesswire.com/news/home/20171023006417/en/
Spector, Roseman & Kodroff, P.C.Robert M. Roseman,
888-844-5862
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