NEW YORK, August 16, 2020 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors of Vectrus, Inc. ("Vectrus" or the "Company") (NYSE: VEC). It is recommended that these investors get in touch Robert S. Willoughby at the (Email protected) or 888-476-6529, ext. 7980.
The investigation concerns whether Vectrus and any of its officers and / or directors have committed securities fraud or other illegal business practices.
(Click here for information on how to participate in the class action.)
On August 11, 2020Vectrus released a press release announcing the company's financial results for the second quarter of 2020. These included earnings per share, which fell well short of consensus estimates. In the press release, the President and CEO of Vectrus stated that the result "was affected by one-time closeouts and a contract adjustment to a European program".
On the news, Vectrus' stock price fell $ 5.07 per share or 9.7% to close at $ 52.28 per share on August 12, 2020.
The Pomerantz company with offices in new York, Chicago, los Angeles, and Paris is recognized as a leader in corporate, securities and antitrust litigation. Established by the late Abraham L. PomerantzPomerantz Company, known as the dean of class action, pioneered class action lawsuits. Today, more than 80 years later, the Pomerantz company continues its tradition and fights for the rights of victims of securities fraud, fiduciary violations and corporate misconduct. The company has reclaimed numerous millions of dollars in damages on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP