Vintage Wine Estates, Inc. (VWE)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Vintage Wine Estates, Inc. (“Vintage Wine” or “the Company”) (NASDAQ: VWE). Investors who purchased Vintage Wine shares are encouraged to obtain additional information and assist the investigation.

 

The investigation concerns whether Vintage Wine has violated federal securities laws.

 

Vintage Wine issued a press release on September 13, 2022, announcing that it had taken $19.1 million in non-cash inventory adjustments that it had “identified through efforts to improve and strengthen inventory management, processes and reporting.” The release stated that the adjustments included “physical inventory count adjustments of $12.4 million, $3.7 million related to the establishment of inventory reserves and $3.0 million related to the impact of additional remediation efforts.” Vintage Wine admitted that these adjustments had fueled a larger loss in the fourth quarter of 2022. Following this news, Vintage Wine stock dropped over 40% during intraday trading on September 14, 2022.

If you are aware of any facts relating to this investigation or purchased Vintage Wine shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.