NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Vintage Wine Estates, Inc. (“Vintage Wine” or the “Company”) VWE and certain of its officers on behalf of all persons and entities that purchased or otherwise acquired Vintage Wine securities between October 13, 2021 and September 13, 2022, both dates inclusive (the “Collection Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/vwe.

This class action seeks damages against the defendants for alleged violations of the federal securities laws.

The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors: (1) that the company lacked an adequate basis to report inventory metrics due to a material weakness related to its inventory controls and procedures; (2) that the Company understated its overhead expense in certain quarters and thereby overstated its Adjusted EBITDA; (3) that as a result of the foregoing, Vintage Wine would likely incur significant costs to repeat previous reports; and (4) as a result, the statements made by the defendants regarding their business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/vwe or you can contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss at Vintage Wine, you have until January 13, 2023 to request that the court appoint you lead plaintiff. Your ability to participate…