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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of J. Jill, Inc. Investors and Encourages Investors to Contact the Firm (JILL)
[November 22, 2017]

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of J. Jill, Inc. Investors and Encourages Investors to Contact the Firm (JILL)


Glancy Prongay & Murray LLP ("GPM") announces that a class action lawsuit has been filed on behalf of investors who purchased J. Jill, Inc. ("J. Jill" or the "Company") (NYSE: JILL) shares pursuant and/or traceable to the Company's initial public offering on March 9, 2017 (the "IPO"; and/or, between March 9, 2017 and October 13, 2017, inclusive (the "Class Period"). J. Jill investors that meet certain criteria have until December 12, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the J. Jill page on our website at www.glancylaw.com/case/jjill-inc.

Investors suffering losses on their J. Jill investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to [email protected].

On October 11, 2017, J. Jill announced that the Company was updating its guidance for the third quarter ending October 28, 2017. Specifically, the Company ow expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year.



On this news, J. Jill's stock price fell $5.07 per share, or more than 50%, to close at $4.86 per share on October 12, 2017, thereby injuring investors.

The complaint filed in this class action alleges that the Registration Statement filed in connection with the IPO contained false and misleading information because J. Jill's purportedly unique and superior sales and marketing approach had not insulated the Company from adverse trends affecting the overall retail industry, like it claimed. Specifically, the Registration Statement failed to disclose, inter alia: (i) that J.Jill's purportedly unique and superior sales and marketing approach had not insulated the Company from adverse trends affecting the overall retail industry; (ii) that J.Jill's historic gross margin growth was not sustainable and would not continue, as it relied on revenues from shipping fees, increased promotional efforts and other short-term boosts to revenues; (iii) that the Company was carrying increasing amounts of slow moving inventory and would need to significantly markdown sales items and increase promotional efforts in an attempt to continue its sales growth; (iv) that the Company's brick-and-mortar stores were failing, as they were experiencing difficulty attracting customers and maintaining profitability, which would result in the Company shuttering up to eight stores in fiscal 2017, with the rate of store closures accelerating; and (v) that J.Jill's business, prospects and ability to service its long-term debt had been materially impaired.


Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP.

If you purchased shares of J. Jill pursuant and/or traceable to its initial public offering on March 9, 2017, you are encouraged to contact the firm before December 12, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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