09/03/2025 | Press release | Distributed by Public on 09/03/2025 10:39
Torres v. Vestis Corporation, et al., Case No. 1:25-cv-04844 (S.D.N.Y.) is a securities fraud class action pending before the United States District Court for the Southern District of New York. The complaint, filed earlier in 2025, alleges that Vestis Corporation and certain of its executives violated federal securities laws by making false and misleading statements about the company's operations and financial condition. According to the allegations, Vestis misrepresented key aspects of its business, inflating its stock price and causing losses to investors who purchased securities during the relevant period.
On August 25, 2025, the Honorable Gregory H. Woods issued an Order appointing the Board of Trustees of the Police Officers' Retirement Plan and Trust Fund for the City of Miramar as Lead Plaintiff in the case. The Court also approved the Lead Plaintiff's selection of Levi & Korsinsky, LLP as Lead Counsel.
A copy of the Court's Order can be found here.