SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Guess?, Inc. (GES)
NEW YORK, June 6, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Guess?, Inc. ("Guess" or the "Company") (NYSE: GES). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ges.
The investigation concerns whether Guess and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 6, 2017, the European Commission ("EC") revealed that it has opened a formal antitrust investigation regarding Guess' distribution of agreements and practices. The EC said it will inspect if Guess illegally limits retailers from selling cross-border to consumers within the EU Single Market. Commissioner Margrethe Vestager, head of competition policy said that "[t]he Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers." The EC will examine information indicating that Guess' distribution agreements may constrain authorized retailers from selling online to consumers or to retailers in other EU States and may also limit wholesalers from selling to retailers in other EU States. Following this news, Guess stock dropped sharply during intraday trading on June 6, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Guess, you can assist this investigation by visiting the firm's site: www.bgandg.com/ges. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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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