NYSE:VSCOSpecialty Retail
Pomerantz Probe Puts Focus On Victoria's Secret Valuation And Legal Risks
Pomerantz LLP has opened an investigation into potential securities fraud or unlawful business practices at Victoria's Secret (NYSE:VSCO).
The probe follows the company's recent strategic review of its DailyLook personal styling service and an impairment charge related to Adore Me assets.
The announcement comes after a sharp share price reaction and has raised questions about internal controls and risk disclosures.
For investors watching Victoria's Secret at a share price of $44.86, the...