{"id":859216,"date":"2025-06-10T16:03:04","date_gmt":"2025-06-10T20:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\/"},"modified":"2025-06-10T16:03:04","modified_gmt":"2025-06-10T20:03:04","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, June  10, 2025  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Vestis Corporation (\u201cVestis\u201d or the \u201cCompany\u201d) (NYSE: VSTS) securities between May 2, 2024 and May 6, 2025, both dates inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants created the false impression that they possessed reliable information pertaining to Vestis\u2019 projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, Vestis\u2019 optimistic guide, promising a return to positive growth in fiscal 2025 on the back of improving service efficacy and annual price increases while improving \u201csatisfaction, loyalty, and retention\u201d rates fell short of reality and Vestis was simply not equipped achieve its growth guidance as the realization of these efforts instead resulted in a significant decline of revenue from existing customers.<\/p>\n<p align=\"justify\">Investors who purchased or otherwise acquired shares of Vestis should contact the Firm prior to the <strong><em>August 8, 2025<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CQ9w5758WEqmCzRhRG6Sa2pw8PZ1IN9eZ6sRR8S_bXXT7_IM2NENhxXWe6sJSTM6TJ_NkjnT8DG_MjG8XsrKTn8rA1_rFPc4GvergAQqwkg=\" rel=\"nofollow\" target=\"_blank\">tjmckenna@gme-law.com<\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=R5Kgh7uUGwwDPXHKzEABEHSHe2lUID4-DrZoutDpJrXK1RLoDG1mhRSHocFAQLTV653okF55fAVw4Y3vXfO7jtztQD1issuA5kRCZUSbdDg=\" rel=\"nofollow\" target=\"_blank\">gegleston@gme-law.com<\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=D4HHANx1Et2pNVinrR8bBf0peVGiLJof7K68hshOFTcbFNFBVf6-6oYL5ruc0qLHnpqaqRojDa7IYe10zkxe4BeAm4jV2mFx-RkRErKKuSs=\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.gme-law.com<\/a> for more information about the firm.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjU0MSM2OTg1MDQ3IzIwMTc3MDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODBmODM3NjEtZmY4MS00ZGJkLThmZDItYzg4MjQ1NWIyNTg5LTEwMjkyNzQtMjAyNS0wNi0xMC1lbg==\/tiny\/Gainey-McKenna-Egleston.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Vestis Corporation (\u201cVestis\u201d or the \u201cCompany\u201d) (NYSE: VSTS) securities between May 2, 2024 and May 6, 2025, both dates inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants created the false impression that they possessed reliable information pertaining to Vestis\u2019 projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, Vestis\u2019 optimistic guide, promising a return to positive growth in fiscal 2025 on the back of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-859216","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Vestis Corporation (\u201cVestis\u201d or the \u201cCompany\u201d) (NYSE: VSTS) securities between May 2, 2024 and May 6, 2025, both dates inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants created the false impression that they possessed reliable information pertaining to Vestis\u2019 projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, Vestis\u2019 optimistic guide, promising a return to positive growth in fiscal 2025 on the back of &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Vestis Corporation (VSTS)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-10T20:03:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2NjU0MSM2OTg1MDQ3IzIwMTc3MDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-vestis-corporation-vsts\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gainey McKenna &amp; 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