Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 10, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises National Vision Holdings, Inc. (“National Vision” or the “Company”) (NASDAQ: EYE) investors that a lawsuit has been filed on behalf of investors that purchased securities of National Vision (NASDAQ: EYE) between May 13, 2021, and May 9, 2022, both dates inclusive.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
National Vision Holdings Inc. is facing a lawsuit for allegedly misrepresenting its financial and operational prospects during the class period. The defendants repeatedly raised the Company's guidance, claiming that National Vision was navigating the pandemic and outperforming the industry. However, these assurances were false and misleading, as the Company was struggling to retain and recruit critical healthcare staff sufficient to keep up with surging customer demand. The Company implemented a significant wage investment, which impaired the earnings, and concealed the investment's scope. The efforts ultimately failed to address the Company's retention and recruitment crisis, which resulted in a pronounced optometrist shortage by the first quarter of 2022, negatively impacting the Company's financial and operational results. The stock price traded at artificially inflated prices until May 10, 2022, when the Company issued disappointing financial and operational results for the first quarter of 2022, causing the stock price to drop by almost 26%.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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