NEW YORK, June 6, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Guess?, Inc. ("Guess" or the "Company") (NYSE: GES). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Guess and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 6, 2017, the European Commission ("EC" or the "Commission") announced that it has opened a formal antitrust investigation into the distribution agreements and practices of Guess. The EC announced that "[t]he Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers" and stated that it will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Among other issues, the Commission will investigate information indicating that Guess's distribution agreements may restrict authorized retailers from selling online to consumers or to retailers in other EU Member States.
On this news, Guess's share price has fallen as much as $0.80, or 6.66%, during intraday trading on June 6, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm 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.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP