Vintage Wine Estates, Inc. Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

November 17, 2022 10:15 AM EST | Source: Block & Leviton LLP

Boston, Massachusetts--(Newsfile Corp. - November 17, 2022) - Block & Leviton announces that a class action lawsuit has been filed against Vintage Wine Estates, Inc. (NASDAQ: VWE) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/vwe.

What is this all about?

After the market closed on September 13, 2022, Vintage Wine Estates disclosed that certain of the company's previously issued financial statements should no longer be relied upon and should be restated due to the identification of an accounting error. The accounting error is related to the treatment of interest rate swap agreements.

Vintage Wine Estates, Inc. went public via deSPAC transaction in June 2021.

Shares of Vintage Wine Estates, Inc. fell more than 40% in intraday trading on September 14, 2022.

Who is eligible?

Anyone who purchased Vintage Wine Estates, Inc. stock between October 13, 2021 and September 13, 2022, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is January 13, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP
www.blockleviton.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144645

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