Press release
Guess', Inc. (NYSE: GES) Investor Notice: Investigation over potential Wrongdoing
An investigation on behalf of investors in Guess', Inc. (NYSE: GES) shares over potential wrongdoing at Guess', Inc. was announced
Investors who purchased shares of Guess', Inc. (NYSE: GES) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Guess', Inc. and directors breached their fiduciary duties and caused damage to the company and its shareholders.
An investor in shares of Guess', Inc. (NYSE: GES) filed a lawsuit against certain directors at Guess', Inc. According to the complaint the plaintiff alleges that certain board members at Guess', Inc have tolerated "sustained, despicable, and abusive sexual misconduct" by the fashion company's co-founder Paul Marciano for more than four decades, harming the company and its shareholders through their continued inaction.
Los Angeles, CA based Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children.
Guess', Inc. reported that its annual Total Revenue declined from over $2.67 billion for the 12 months period that ended on January 31, 2020, to over $1.87 billion for the 12 months period that ended on January 31, 2021, and that its Net Income of $95.97 million turned into a Net Loss of $81.22 million over those respective time periods.
Shares of Guess', Inc. (NYSE: GES) declined from over $31 per share in May 2021 to as low as under $20 per share in January 2022.
Those who purchased shares of Guess', Inc. (NYSE: GES) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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