V.F. Corporation Faces Securities Lawsuit Over Alleged Securities Fraud

Strategic Insights -

V.F. Corporation (NYSE: VFC) has been named in a class action securities lawsuit, filed on behalf of shareholders who allegedly suffered losses as a result of alleged securities fraud between October 30, 2023, and May 20, 2025. The lawsuit claims that V.F. Corporation disseminated false and misleading statements regarding the company's turnaround plans, specifically regarding the Vans brand, leading to a significant decline in revenue growth. The truth about the company's financial situation emerged on May 21, 2025, when V.F. Corporation reported its fourth quarter and full-year fiscal 2025 results, revealing a substantial decline in Vans' growth trajectory. The company attributed this decline to deliberate revenue reduction to eliminate unprofitable businesses and additional set of deliberate actions that were previously unannounced.

Key Takeaways:

  • The class action lawsuit alleges that V.F. Corporation engaged in securities fraud between October 30, 2023, and May 20, 2025.
  • The company allegedly made false and misleading statements regarding the turnaround plans for the Vans brand.
  • V.F. Corporation attributed the decline in revenue growth to deliberate revenue reduction to eliminate unprofitable businesses and additional set of deliberate actions that were previously unannounced.
  • The lawsuit seeks to recover losses of shareholders who were adversely affected by the alleged securities fraud.
  • Levi & Korsinsky, a law firm with expertise in securities litigation, is representing the plaintiffs in the case.
  • The firm has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has been ranked as one of the top securities litigation firms in the United States for seven years in a row.

Statistics:

  • The price of VFC's common stock declined by about 15.8% in the span of just a single day, from a closing market price of $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025.
  • Vans' revenue growth trajectory faltered from an 8% loss the quarter before to a 20% loss in the fourth quarter.
  • Disregarding the deliberate actions, Vans would still have shown a "high single digit" revenue decline, suggesting growth slowed in comparison to the prior years' sequential improvements.

Sources:

  • Zolkorn Law Firm
  • Press release dated September 17, 2025, on Newsfile Corp.
  • Levi & Korsinsky LLP
  • NYSE: VFC