J.Jill, Inc. – Securities Investigation On Behalf of JILL Investors
Kehoe Law Firm, P.C. is investigating potential claims on behalf of investors of J.Jill, Inc. (JILL), a specialty retailer of women’s apparel sold under the J.Jill brand in the United States. Our investigation is focused on whether certain of its officers and directors violated state or federal securities laws.
On March 14, 2017, J.Jill completed an initial public offering of common stock with an existing shareholder of J.Jill, Inc. selling 11,666,667 shares of common stock at a share price of $13.00 per share (the “IPO”). The underwriters subsequently elected to exercise their over-allotment option to purchase an additional 865,000 shares of common stock from the selling shareholder at the IPO price of $13.00 per share.
Following 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, with adjusted EPS coming in between $0.08 and $0.10. Prior guidance for J.Jill called for comparable sales to increase in the high single digits.
According to Jim Cramer, shares of J.Jill tumbled down more than 50% during trading on Thursday, October 12, 2017, after the company “missed on everything.” Our investigation focuses on whether information disclosed in connection with J.Jill’s IPO was materially misleading, or whether the IPO offering material omitted material information that should otherwise have been disclosed to investors.
J.Jill Inc. Losses?
If you purchased J.Jill Inc. shares and would like to speak privately with a securities attorney to contribute to or learn more about the investigation, please complete the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected] or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of the Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.