NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Guess?, Inc. (NYSE:GES) resulting from allegations that Guess may have issued materially misleading business information to the investing public.
On June 6, 2017, the European Commission (“EC”) announced that it has opened a formal antitrust investigation into the distribution agreements and practices of Guess. The EC stated that it will examine whether Guess illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Commissioner Margrethe Vestager, in charge of competition policy stated that “[t]he Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers.” The Commission will investigate information indicating that Guess’ distribution agreements may restrict authorized retailers from selling online to consumers or to retailers in other EU Member States. They may also restrict wholesalers from selling to retailers in other EU Member States. On this news, shares of Guess fell sharply during intra-day trading on June 6, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Guess investors. If you purchased shares of Guess on or before June 6, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1142.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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