An investigation for investors in Guess’, Inc. (NYSE: GES) shares over potential securities laws violations by Guess’, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/26/2018 -- An investigation was announced concerning potential securities laws violations by Guess', Inc. and certain of its directors and officers.
Investors who purchased shares of Guess', Inc. (NYSE: GES), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Guess', Inc. (NYSE: GES) concerning whether a series of statements by Guess', Inc. (NYSE: GES regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles, CA based Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children.
On February 1, 2018, Guess', Inc. disclosed that a website had approached the Company in 2017, "seeking to post separate allegations that Paul Marciano, the Company's Executive Chairman and Chief Creative Officer, had acted inappropriately toward two women."
On February 7, 2018, a magazine published an interview with model Kate Upton, in which Upton stated that Marciano "assaulted and began harassing her during her first professional modeling campaign when she was 18." Upton's interview provided detailed descriptions of Marciano's alleged conduct, corroborated by at least one witness.
On June 12, 2018, Guess', Inc. issued a press release announcing Marciano's resignation as Executive Chairman. Guess', Inc. disclosed that an investigation conducted by a special committee of the Company's Board found that "Mr. Marciano exercised poor judgment in his communications with models and photographers and in placing himself in situations in which plausible allegations of improper conduct could, and did, arise."
Those who purchased shares of Guess', Inc. (NYSE: GES) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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