Vintage Wine Estates Class Action Lawsuit VWE | Deadline January 13, 2023
Announcement! Investors who bought Vintage Wine Estates (VWE) class action between October 13, 2021, and September 13, 2022, have an opportunity to participate in a VWE class action lawsuit (Vintage Wine Estates class action lawsuit).
The defendants are accused of making false and/or misleading statements and/or failing to disclose the following during the Class Period, according to the Vintage Wine lawsuit:
(1) The Company lacked a legitimate basis to disclose inventory metrics because of a serious flaw in its inventory controls and procedures;
(2) The company overstated its adjusted EBITDA in several quarters by understating its overhead load;
(3) The aforementioned made it reasonably likely that Vintage Wine would have to pay substantial fees to restate earlier reports; and
(4) Due to the aforementioned, the defendants’ optimistic claims regarding the Company’s operations, business, and prospects were either unfounded or materially deceptive.
If you suffered a loss in Vintage Wine, you can ask the court to name you as the lead plaintiff until January 13, 2023. You may participate in any recovery without being the primary plaintiff.
Vintage Wine Estates Class Action Lawsuit (VWE Lawsuit)
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