SAN DIEGO, Sept. 15, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistel, LLP (www.JohnsonFistula.com) examines whether Vintage Wine Estates, Inc. (“Vintage Wine” or the “Company”) (NASDAQ: VWE), one of its officers or others has violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.

What if I bought Vintage Wine common stock? If you bought Vintage Wine common stock and suffered significant losses on your investment, join our investigation now:

There are no costs or obligations for you.

What does Johnson examine fistula? On September 13, 2022, Vintage Wine announced that it recorded $19.1 million in non-cash inventory adjustments that were “identified through efforts to improve and strengthen inventory management, processes and reporting.” The adjustments included “$12.4 million of physical inventory count adjustments, $3.7 million related to the establishment of inventory reserves, and $3.0 million related to the impact of additional remediation efforts.” The company also announced that its operating loss for the fourth quarter of 2022 was $27.7 million, compared to $10.9 million in the prior-year quarter, due in part to “$19.1 million of non-cash inventory adjustments.” was.

What if I have relevant non-public information? Those with nonpublic information about the company should consider cooperating with our investigation or participating in the SEC’s whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to 30% for each successful recovery by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].

Contact:
Johnson Fistula, LLP
Jim Baker, Head of Securities…