An investigation on behalf of current long term investors in J.Jill Inc (NYSE:JILL) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 01/24/2018 -- An investigation was announced for investors in NYSE:JILL shares over potential breaches of fiduciary duties by certain J.Jill directors.
Investors in J.Jill Inc (NYSE:JILL) shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in (NYSE:JILL stocks follows a lawsuit filed recently against J.Jill Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:JILL stocks, concerns whether certain J.Jill officers and directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the defendants violated the Securities Act of 1933. More specifically, the plaintiff claims that the statements in the Registration Statement were false and misleading when made because the Company's purportedly unique and superior sales and marketing approach had not insulated the Company from adverse trends affecting the overall retail industry. Moreover, the Company was carrying increasing amounts of slow moving inventory and would need to significantly markdown sale items and increase promotional efforts in an attempt to continue its sales growth, and the Company's brick-and-mortar stores were experiencing difficulty attracting customers and maintaining profitability, which would result in the Company shuttering up to eight stores in fiscal 2017 – thereby diminishing the Company's gross margins and impairing its ability to service its long-term debt.
Those who purchased shares of J.Jill Inc (NYSE:JILL) 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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