NEW YORK, June 6, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Guess, Inc. ("Guess" or the "Company") (NYSE: GES).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on June 6, 2017, the European Commission (the "Commission") announced that it would open a formal investigation into the distribution agreements and practices of Guess. The Commission stated that it will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the European Single Market. Margrethe Vestager, the Competition Commissioner, stated, among other things, that "[t]he Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers."
On this news, shares of Guess declined during intraday trading on June 6, 2017, causing harm to investors.
If you invested in Guess stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/GES. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
FARUQI & FARUQI, LLP
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New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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