NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Vintage Wine Estates, Inc. (NASDAQ: VWE), Flowserve Corporation (NYSE : FLS), Cantaloupe, Inc (NASDAQ: CTLP, OTCMKTS: CTLPP) and EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT). Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.
Vintage Wine Estates, Inc. (NASDAQ:VWE)
Vintage Wine issued a press release on September 13, 2022, revealing that it had made $19.1 million in non-cash inventory adjustments that it “identified through efforts to improve and strengthen inventory management, processes and reporting.” . The company added 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”. The company admitted that these adjustments resulted in a larger loss in the fourth quarter of 2022.
As a result of this news, Vintage Wine’s stock price fell $2.26 per share, or 40.6%, to close at $3.30 per share on September 14, 2022.
For more information on studying vintage wines, see: https://bespc.com/cases/VWE
Flowserve Corporation (NYSE:FLS)
On September 13, 2022, Flowserve announced disruptions related to the implementation of new technology to manage operations and one-time expenses, advising investors that the developments pushed third-quarter earnings per share up $0.18 to $0.22 will reduce.
As a result of this news, Flowserve’s stock price fell $2.36 per share, or 7.66%, to close at $28.43 per share on September 14, 2022.
For more information on the Flowserve investigation, visit: https://bespc.com/cases/FLS
Cantaloupe, Inc. (NASDAQ:CTLP,OTCMKTS:CTLPP)
On September 28, 2022, the Company…
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