NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of J. Jill, Inc. (NYSE: JILL) pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with J. Jill’s initial public offering on or about March 9, 2017. The lawsuit seeks to recover damages for J. Jill investors under the federal securities laws.
To join the J. Jill class action, go to http://rosenlegal.com/cases-1226.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) J. Jill’s supposedly unique and superior sales and marketing approach had not insulated it from adverse trends affecting the overall retail industry; (2) J. Jill’s historic gross margin growth was not sustainable and would not continue, as it relied on revenues from shipping fees, increased promotional efforts and other short-term revenue boosts; (3) J. Jill was carrying increasing amounts of slow moving inventory and would need to significantly mark down sales items and increase promotional efforts to continue its sales growth; (4) J. Jill’s brick-and-mortar stores were failing because they experienced difficulty attracting customers and maintaining profitability, resulting in eight store closures in fiscal year 2017 with the closure rate accelerating; and (5) J. Jill’s business, prospects and ability to service its long-term debt had been materially impaired. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 12, 2017. If you wish to join the litigation, go to http://rosenlegal.com/cases-1226.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Toll Free: 866-767-3653
Source: The Rosen Law Firm, P.A.