SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Vestis
If you suffered losses exceeding $75,000 in Vestis between May 2, 2024 and May 6, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Vestis Corporation ('Vestis' or the 'Company') (NYSE: VSTS) and reminds investors of the August 8, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Vestis' ability to grow its business; notably that Vestis would be unable to execute on planned strategic initiatives to drive purported improvements to the customer experience and its onboarding efforts in order to drive new customer growth, increased customer retention, and increased revenue from existing customers.
On May 7, 2025, Vestis announced its financial results for the second quarter of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year 2025, and provided guidance for the third quarter of fiscal 2025 that fell significantly below market expectations. The Company attributed its poor results partially to 'lost business in excess of new business,' but primarily on 'lower adds over stops, which is how we describe volume changes with our existing customers.' The Company attributed its decision to pull full-year guidance and provide disappointing third quarter targets to the 'increasingly uncertain macro environment.'
Following this news, the price of Vestis' common stock declined dramatically. From a closing market price of $8.71 per share on May 6, 2025, Vestis' stock price fell to $5.44 per share on May 7, 2025, a decline of about 37.54% in the span of just a single day.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Vestis' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Vestis Corporation class action, go to www.faruqilaw.com/VSTS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bde5a72-f32e-4aaf-9187-2830bc82c5a2
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Sylvie di Giusto LLC Announces Founder's Induction into NSA Speaker Hall of Fame
Sylvie di Giusto, International 3D Immersive Keynote Speaker and Author, Honored Among the World's Top Professional Speakers at NSA's 2025 Influence Conference Scottsdale, Arizona, July 31, 2025 (GLOBE NEWSWIRE) -- Sylvie di Giusto LLC announced today that its founder, international keynote speaker and author Sylvie di Giusto, was inducted into the NSA Speaker Hall of Fame on July 29, 2025, during the National Speakers Association's annual Influence Conference. The Speaker Hall of Fame, also known as the Council of Peers Award for Excellence (CPAE), is the highest lifetime honor in the speaking industry and recognizes individuals who demonstrate excellence in message, delivery, experience, professionalism, and influence. Sylvie di Giusto, CSP, CPAE, is inducted into the CPAE Speaker Hall of Fame at NSA's 2025 Influence Conference. The Council of Peers Award for Excellence (CPAE) recognizes speakers who have reached the pinnacle of professional platform excellence. Recipients are selected by existing CPAE members through a confidential, peer-review process that evaluates candidates across five dimensions: message, delivery, experience, professionalism, and influence. 'Every now and then, a true artist appears on stage. They rock our world. They are the Georgia O'Keeffes, the Pablo Picassos of the speaking world. This honoree is just that type of artist,' said Mark Scharenbroich, CSP, CPAE, who welcomed di Giusto to the stage for her CPAE induction. Widely considered one of the most influential keynoters in NSA history, Scharenbroich is, in di Giusto's words, 'the gold standard of professional speaking—the best keynote speaker in the world.' A Career Built on Perception, Credibility, and the Power of Choice Known as the expert in perception management in the workplace, Sylvie di Giusto has spent the past fifteen years transforming audiences with a deceptively simple but unforgettable message: You have seven seconds. Make them count. She has helped hundreds of thousands of professionals across Fortune 100 companies, associations, government agencies, and international events rethink how they show up—and how they are remembered. Di Giusto's work is grounded in two decades of corporate experience in Europe, where she led executive development initiatives and served as Chief of Staff to the CHRO of one of the world's largest tourism and retail companies. Her global perspective, combined with her mastery of behavioral psychology, has made her a trusted advisor for leaders and organizations navigating change, perception, and competitive differentiation. Her work has earned her a fiercely loyal client base, with global brands such as American Airlines, American Express, Hilton, Microsoft, Prudential, Nespresso, and the U.S. Air Force inviting her to inspire and equip their teams. She is also the author of more than a dozen books and a frequent media contributor, known for her thought leadership on perception, bias, reputation, and workplace influence. Within the speaking industry, she's celebrated for her integrity, generosity, and high standards. But it's not just the message—it's the medium. In 2023, she disrupted and redefined keynote delivery by launching a fully immersive 3D keynote experience, becoming the first in the world to blend cutting-edge technology with emotionally resonant storytelling and content. Her immersive holographic experiences have become a signature for conferences seeking high engagement and lasting impact, and something truly unique—an experience their audiences have never seen before. Joining a Legacy of Icons With this induction, Sylvie di Giusto joins a prestigious Hall of Fame that includes legendary figures such as Zig Ziglar, Dr. Ken Blanchard, Brian Tracy, Dr. Nido Qubein, and even President Ronald Reagan. The induction ceremony took place at NSA's annual Influence conference, where nearly 1,000 speakers, industry leaders, and event professionals gathered to celebrate the power of the spoken word. In her acceptance, Sylvie acknowledged her mentors, collaborators, and family. She also offered heartfelt thanks to the CPAE committee and fellow Hall of Fame members: 'Thank you for defending me in a room I wasn't in. I'm not here just because of me. I'm also here because of you. Because so many of you set the bar so high, and then showed me how to climb.' About Sylvie di Giusto, CSP CPAE Sylvie di Giusto is an international keynote speaker, author, and expert in perception, emotional intelligence, and workplace credibility. Through 3D immersive holographic storytelling, interactive keynotes, and actionable frameworks, she helps professionals make more intentional choices to lead better, sell faster, and persuade instantly. Her keynotes blend behavioral science and cutting-edge technology to engage and transform audiences. Sylvie is exclusively represented by cmi Speaker Management. Learn more at Learn more about the 3D Immersive Experience Learn more about cmi speaker managementSylvie di Giusto, CSP, CPAE, with Mark Scharenbroich, CSP, CPAE, who introduced and welcomed her to the stage during the CPAE induction ceremony. Press inquiries Sylvie di Giusto Sylvie di Giusto hello@ +1.917.727.0619 8635 W. Hillsborough Ave, #483Tampa, FL 33615 A video accompanying this announcement is available at
Yahoo
9 minutes ago
- Yahoo
Figma's CEO Stands to Make Billions Post-IPO. Here's What's In His Pay Package
Key Takeaways Figma CEO Dylan Field stands to be very wealthy if he can hit the marks outlined in his pay package. The design software maker's trading debut puts big awards within reach. Field could make $1.9 billion if Figma's stock price reaches the highest hurdle, or $130, within 10 years of its (FIG) is shooting the lights out on its trading debut. The latest big IPO stands to make co-founder and chief Dylan Field very rich. The design software maker's shares recently traded around $108, a few bucks below intraday highs. (Its IPO priced at $33 per share, above an upwardly revised range of $30 to $32.) That first-day action puts Field's performance-based executive compensation awards well within reach. Some 14.5 million shares in restricted stock units have been set aside as a stock price award, split across seven tranches, according to filings. If the shares' 60-day average price hits $60, the low end of targets, Field would unlock $130 million worth. If the stock meets the highest hurdle, or $130, that package would grow to $1.9 billion. Field has 10 years to hit those marks. That doesn't include the 22.5 million shares split between service- and market-based awards Figma granted Field in 2021, which can be unlocked sooner. There are 7.9 million shares of Class B common stock that Field can vest as part of his service-based package, which are worth roughly $670 million based on the the stock's $85 Thursday open. There is also a CEO market reward that grants Field an additional 11.25 million shares separated into three tranches tied to laddered market-valuation targets of $15 billion, $20 billion, and $25 billion. And there's cash: Figma's board in 2024 raised Field's base salary to $500,000 from $450,000. Field can thank Elon Musk and his richly-valued pay package at Tesla (TSLA) for raising the compensation ceiling for other CEOs. Though Musk's $56 billion compensation was rejected twice by courts, the chief of the EV maker launched an appeal in March to restore it. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
'The Only Way She's Going To Get It Is By Letting Her Suffer' Suze Orman's Tough Advice For Mother Whose Daughter Maxed Out Her Credit Cards
When a mother named TJ wrote to Suze Orman's "Women & Money" podcast for help, she described a difficult situation: her 22-year-old daughter, a full-time student working weekends and part-time hours, had maxed out her credit cards — again. Two years earlier, the daughter refinanced her car to pay off her credit cards, but following the death of her father, she slipped back into debt and now owes $15,000. Her credit accounts have been closed, and she's locked into a payment plan she can't afford. Struggling to cover even gas and personal expenses, she turned to her mother for help. TJ said she refuses to help her daughter financially and asked Orman for guidance. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Orman didn't hold back. "Do exactly what you have been doing, TJ," she said. "It's just that simple. Obviously, this is a woman who needs to learn until she gets it, and the only way she's going to get it is by letting her suffer." Tough Love, Financial Lessons Orman's advice may sound harsh, but it's rooted in a principle she has long preached: personal responsibility. For young adults, particularly college students or recent graduates, early financial mistakes can leave lasting scars — but they can also be powerful teaching moments. Orman often emphasizes that bailing out a financially irresponsible loved one might only delay the inevitable reckoning. According to a U.S. News & World Report survey, over 42% of college students carry credit card debt. Many use credit for essentials like books and housing, but nearly half report spending on nonessentials like dining out and impulsive shopping. In TJ's daughter's case, a mix of emotional spending and financial missteps pushed her into a deep hole. Trending: $100k+ in investable assets? – no cost, no obligation. Why Credit Card Debt Hits Students So Hard Credit cards can be useful tools for building credit, but only when used responsibly. Students are especially vulnerable to making mistakes. A missed or late payment can lead to fees, higher interest rates, and a drop in credit score — a black mark that can linger for years. A lack of financial literacy compounds the issue. Only 27% of students surveyed by U.S. News correctly identified what "revolving a balance" means. And nearly one in five didn't realize that credit cards require regular monthly payments. These misunderstandings can quickly snowball into real financial harm. Even a $2,000 balance on a card with 20% interest could take over two years to pay off with minimum payments — costing hundreds in interest Should Parents Do? While TJ's instinct to withhold financial help may seem cold, Orman's response highlights the long-term benefits of letting young adults face the consequences of their choices. That doesn't mean parents can't help at all. Morgan Stanley suggests starting with open conversations about budgeting, the risks of debt, and the value of credit. Teaching financial basics early can help prevent bigger issues later. Adding a student as an authorized user to a parent's card or encouraging responsible use of a student credit card can be helpful — but only if the student understands how credit works. Bottom Line Orman's blunt advice isn't about punishment — it's about growth. Letting someone "suffer," as she puts it, may be the push they need to take ownership of their finances. For parents of financially struggling adult children, the lesson is clear: emotional support doesn't have to mean writing a check. Sometimes, the hardest part of helping is stepping back. Read Next: Many are using retirement income calculators to check if they're on pace — Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'The Only Way She's Going To Get It Is By Letting Her Suffer' Suze Orman's Tough Advice For Mother Whose Daughter Maxed Out Her Credit Cards originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
