NEW YORK, Nov. 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Vintage Wine Estates, Inc. ("Vintage" or the "Company") (NYSE: VWE). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
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The investigation concerns whether Vintage and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On September 13, 2022, Vintage disclosed that certain of the Company's previously issued financial statements should no longer be relied upon and should be restated due to the identification of an accounting error related to the treatment of interest rate swap agreements.
On this news, Vintage's stock price fell $2.23 per share, or 40.33%, to close at $3.30 per share on September 14, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP