Our securities attorneys are investigating claims on behalf of investors of J.Jill, Inc. (NYSE: JILL) involving possible securities law violations.
After the close of trading on Wednesday, October 11, 2017, J.Jill announced that it experienced a lower than expected sales trend across both its retail and direct channels, and that it anticipates same-store sales will fall 3% to 5% in the third quarter. Prior guidance for J.Jill called for comparable sales to increase in the high single digits.
Following this news, on October 12, 2017, J.Jill’s stock price plunged by more than 51% to close at $4.86, causing significant harm to investors.
This news comes just seven months after the company’s initial public offering, priced at $13 per share on March 9, 2017.
According to an analyst at Wells Fargo:
Our investigation focuses on the Company’s IPO and the accuracy of information disclosed to investors in the Offering Materials.
Girard Gibbs’ financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.
We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
| American Express Financial Advisors Securities Litigation | $100 million cash settlement for clients alleging American Express steered them into under-performing “shelf space funds” to reap kickbacks |
| Chase Bank “Check Loan” Litigation | $100 million settlement for consumers alleging Chase offered long-term fixed-rate loans, only to later more-than-double required payments |
| Peregrine Financial Group Customer Litigation | Settlements worth $75 million for futures and commodities investors who lost millions in the collapse of Peregrine Financial Group, Inc. |
| NantHealth | Court-appointed Co-Lead Counsel in a securities class action alleging the company’s founder violated federal securities law and artificially inflated stock prices |
Eric has served in leadership positions in a number of high profile, complex financial lawsuits. He’s been named a Law360 Consumer Protection MVP, to Daily Journal’s “Top Plaintiff Lawyers in California”, and to the Top 100 Super Lawyers in Northern California.
A.J. has served in leadership positions in a variety of complex cases involving securities, consumer protection and bankruptcy issues.
David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.
Michael has over 20 years of experience representing individuals in complex cases involving banking credit card and other financial frauds.