J. JILL ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against J. Jill, Inc. & Lead Plaintiff Deadline - December 12, 2017
NEW YORK, Oct. 16, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed on behalf of purchasers of securities of J. Jill, Inc. ("J. Jill" or the "Company") (NYSE: JILL) in or traceable to the Company's March 9, 2017 initial public offering (the "IPO"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/jill.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
On October 11, 2017, J.Jill disclosed a downgraded guidance for Q3 2017 relating to total company comparable sales and gross margin. However, in its Registration Statement filed in conjunction with its March 9, 2017 IPO, the Company touted its unique business strategy as one that was expected to insulate the Company from adverse industry trends and allow for continued growth in gross profits. Following this news on October 12, 2017, the Company's shares closed at $4.86 per share - more than 62% below its IPO price.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/jill or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in J. Jill you have until December 12, 2017 to 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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