A lawsuit was filed on behalf of investors in J.Jill Inc (NYSE:JILL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/06/2017 -- An investor in shares of J.Jill Inc (NYSE:JILL), filed a lawsuit against J. Jill Inc over alleged Securities Laws violations in connection with Company's March 9, 2017 initial public offering.
Investors who purchased J.Jill Inc (NYSE:JILL) should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
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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