Grabar Law Office Investigates Claims on Behalf of Shareholders of Vestis Corp. (VSTS) as Securities Fraud Class Action Survives Motion to Dismiss

Philadelphia, Pennsylvania--(Newsfile Corp. - October 6, 2025) - Grabar Law Office is investigating claims on behalf of shareholders of Vestis Corp. (NYSE: VSTS). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you acquired Vestis (NYSE: VSTS), shares on or near October 2, 2023, as a result of the Aramark spinoff, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/vestis-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.

WHY? According to an underlying federal securities fraud class action complaint, Vestis Corporation (NYSE: VSTS), through certain of its officers, made materially false and misleading statements and failed to disclose that: (1) Aramark had historically underinvested in the business that became Vestis; (2) Vestis operated with outdated facilities and an underperforming sales force; (3) Vestis's outdated facilities and underperforming sales force led to "service gaps" that had impeded the Company's levers of growth and had resulted in customer attrition; and (4) as a result of the above, Defendants' statements about Vestis's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Shares of Vestis fell about 45% on May 2, 2024, when the company announced, "results in the quarter and our outlook for the year are not in line with expectations."

On September 30, 2025, key allegations in the securities fraud class action survived defendants' attempts to dismiss the complaint. U.S. District Judge Steven D. Grimberg largely denied a pair of dismissal bids, finding, among other things, that certain statements made by the defendants as ahead of the spinoff were clearly material to investors and couldn't be considered inactionable puffery. According to the Judge: "It is self-evident that the alleged statements were made at too pivotal of a moment (during the spinoff), about topics too essential to Vestis's business (customer service and retention), to be ruled immaterial to all reasonable investors as a matter of law."

WHAT YOU CAN DO NOW: If you acquired Vestis (NYSE: VSTS), shares on or near October 2, 2023, through the Aramark spinoff, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/vestis-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. #VSTS $VSTS #Vestis

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