{"id":96100,"date":"2023-03-10T04:47:16","date_gmt":"2023-03-10T04:47:16","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=a544a308f0f3e098e6d506563f5c6c83"},"modified":"2023-03-10T04:47:16","modified_gmt":"2023-03-10T04:47:16","slug":"rosen-globally-recognized-investor-counsel-encourages-g-iii-apparel-group-ltd-investors-to-inquire-about-securities-class-action-investigation-giii","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-globally-recognized-investor-counsel-encourages-g-iii-apparel-group-ltd-investors-to-inquire-about-securities-class-action-investigation-giii\/","title":{"rendered":"ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages G-III Apparel Group Ltd. Investors to Inquire About Securities Class Action Investigation \u2013 GIII"},"content":{"rendered":"

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of G-III Apparel Group Ltd. (NASDAQ: GIII) resulting from allegations that G-III may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased G-III securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the prospective class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=11207<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong>\u00a0On December 1, 2022, G-III announced its third-quarter financial and operating results. Among other things, G-III reported that \u201chigher inventory levels are due to our accelerated production calendar, which was in anticipation of longer supply chain lead times. Our inventory is comprised of current purchases and guided by our order book. During the quarter, the higher inventory levels caused logistical challenges within our distribution centers. This resulted in significant one-time charges in the third quarter, that were above our expectations, which adversely impacted our bottom line by approximately $0.40 per diluted share\u201d.<\/p>\n

On this news, G-III’s stock price fell $9.66 per share, or 44%, to close at $11.97 per share on December 1, 2022.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8785621<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of G-III Apparel Group Ltd. (NASDAQ: GIII) resulting from allegations that G-III may have issued materially misleading business information to the investing public. SO WHAT:\u00a0If you purchased G-III securities [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages G-III Apparel Group Ltd. 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