VITAMIN SHOPPE SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investmen
VITAMIN SHOPPE SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Vitamin Shoppe, Inc. of Class Action Lawsuit and the Deadline of July 8, 2013 to Seek a Lead Plaintiff Position
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of investors who purchased Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") (NYS: VSI) stock between May 8, 2012 and February 25, 2013 (the "Class Period").
For more information, click here:http://zlk.9nl.com/vitamin-shoppe-vsi/.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements and omitted materially relevant facts regarding the Company's operations, business trends and same-store sales trends. Specifically, defendants failed to disclose that: (a) Vitamin Shoppe's business was being negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements; (b) GNC's new discount program was negatively impacting the Company's sales growth; (c) the Company was experiencing declining same-store sales trends; and (d) that as a result of the aforementioned, Vitamin Shoppe stock traded at artificially inflated prices, enabling Company insiders to sell more than $30 million of their Vitamin Shoppe common stock at inflated prices during the Class Period.
If you suffered a loss in Vitamin Shoppe you have until July 8, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/vitamin-shoppe-vsi/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York Pennsylvania
The article VITAMIN SHOPPE SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Vitamin Shoppe, Inc. of Class Action Lawsuit and the Deadline of July 8, 2013 to Seek a Lead Plaintiff Position originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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