NEW YORK, June 13, 2018 /PRNewswire/ -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Guess?, Inc. ("Guess" or the "Company") (NYSE: GES). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ges.
The investigation concerns whether Guess and certain of its officers and/or directors have violated federal securities laws.
On February 1, 2018, Guess disclosed that a website had approached the Company in 2017, "seeking to post separate allegations that Paul Marciano, the Company's Executive Chairman and Chief Creative Officer, had acted inappropriately toward two women." On this news, Guess's share price fell $3.26, or 17.75%, to close at $15.11 on February 1, 2018. On February 7, 2018, TIME magazine published an interview with model Kate Upton, in which Upton stated that Marciano "assaulted and began harassing her during her first professional modeling campaign when she was 18." Upton's interview provided detailed descriptions of Marciano's alleged conduct, corroborated by at least one witness. On this news, Guess's share price fell $1.20, or 7.22%, to close at $15.61 on February 8, 2018. On June 12, 2018, post-market, Guess issued a press release announcing Marciano's resignation as Executive Chairman. Guess disclosed that an investigation conducted by a special committee of the Company's Board found that "Mr. Marciano exercised poor judgment in his communications with models and photographers and in placing himself in situations in which plausible allegations of improper conduct could, and did, arise." Following this news, Guess's share price fell during intraday trading on June 13, 2018.
If you are aware of any facts relating to this investigation, or purchased Guess shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ges. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
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