NEW YORK, June 20, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of investors who purchased Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") (NYSE:VSI) stock between May 8, 2012 and February 25, 2013 (the "Class Period").
For more information, click here: http://zlk.9nl.com/vitamin-shoppe-vsi/.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements and omitted materially relevant facts regarding the Company's operations, business trends and same-store sales trends. Specifically, defendants failed to disclose that: (a) Vitamin Shoppe's business was being negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements; (b) GNC's new discount program was negatively impacting the Company's sales growth; (c) the Company was experiencing declining same-store sales trends; and (d) that as a result of the aforementioned, Vitamin Shoppe stock traded at artificially inflated prices, enabling Company insiders to sell more than $30 million of their Vitamin Shoppe common stock at inflated prices during the Class Period.
If you suffered a loss in Vitamin Shoppe you have until July 8, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/vitamin-shoppe-vsi/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP