|By PR Newswire||
|May 23, 2013 06:53 PM EDT||
NEW YORK, May 23, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") (NYSE: VSI) (CUSIP: 92849E101) who purchased Vitamin Shoppe common stock between May 8, 2012 and February 25, 2013 (the "Class Period"). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Vitamin Shoppe and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Vitamin Shoppe and certain of its executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws, including, in part, the following: (1) Vitamin Shoppe's business was being negatively impacted by competition from online retailers which were significantly reducing prices on popular supplements; (2) GNC's new discount program was negatively impacting the Company's sales growth; and (3) the Company was experiencing declining same-store sales trends.
On February 25, 2013 Vitamin Shoppe announced lackluster financial results for the Company's fiscal year and fourth quarter 2012. On this news announcement, Vitamin Shoppe shares fell $11.78 per share, or more than 18.63% to close at 51.44 on February 26, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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