NEW YORK, May 18, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") (NYSE: VSI).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Vitamin Shoppe's business was being negatively impacted by competition from online retailers who were significantly reducing prices on popular supplements; (2) GNC's new discount program was negatively impacting the Company's sales growth; and (3) the Company was experiencing declining same-store sales trends. While Vitamin Shoppe's common stock traded at artificially inflated prices, Company insiders sold more than $30 million of their personally held Vitamin Shoppe shares.
On February 25, 2013, Vitamin Shoppe announced disappointing financial results for the Company's fiscal and fourth quarter 2012 despite having previously guided toward strong fiscal sales and profits since May 2012. In response, the price of the Company's stock fell $11.86 per share, or more than 18.76% that day.Request more information now by clicking here: www.faruqilaw.com/VSI. There is no cost or obligation to you. Take Action
If you invested in Vitamin Shoppe stock or options between May 8, 2012 and February 25, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/VSI. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Vitamin Shoppe's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.comTelephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV