NEW YORK, Nov. 07, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of UniFirst Corporation (“UniFirst” or the “Company”) (NYSE: UNF). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether UniFirst and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On October 21, 2020, UniFirst issued a press release announcing the Company’s financial results for its fourth quarter and full-year ended August 29, 2020. Among other results, UniFirst reported annual revenue that fell short of expectations, including revenue of $384.6 million from Core Laundry Operations, representing a year-to-year decline of 10.9%; $27 million from Specialty Garments, representing a year-to-year decline of 11.6%; and $16 million from First Aid, representing a year-to-year decline of 2.4%.
On this news, UniFirst’s stock price fell sharply during intraday trading on October 21, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980