NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Vintage Wine Estates, Inc. (“Vintage” or the “Company”) (NASDAQ: VWE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529 ext. 7980.
The investigation focuses on whether Vintage and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On September 13, 2022, Vintage disclosed that certain of the Company’s previously released financial statements should no longer be relied upon and should be restated due to the identification of an accounting error related to the treatment of interest rate swap agreements. .
On this news, Vintage’s stock price fell $2.23 per share, or 40.33%, to close at $3.30 per share on September 14, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com
Robert S. Willoughby
888-476-6529 ext. 7980