Kehoe Law Firm, P.C. Investigating on Behalf of Guess?, Inc. Shareholders

PHILADELPHIA, PA, USA, February 21, 2018 /EINPresswire.com/ -- Kehoe Law Firm, P.C. is investigating potential claims on behalf of purchasers of Guess?, Inc. ("Guess") (NYSE:GES) securities. The investigation concerns whether Guess and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

On February 1, 2018, Guess disclosed that an entertainment website had approached the Company in 2017, "seeking to post separate allegations that Paul Marciano, the Company's Executive Chairman and Chief Creative Officer, had acted inappropriately toward two women."

On this news, Guess's share price fell $3.26, or 17.75%, to close at $15.11 on February 1, 2018.

On February 7, 2018, TIME magazine published an interview with model Kate Upton, in which Upton stated that Marciano "assaulted and began harassing her during her first professional modeling campaign when she was 18." Upton's interview provided detailed descriptions of Marciano's alleged conduct, corroborated by at least one witness.

On February 20, 2018, Guess announced that the Board of Directors and Mr. Marciano agreed that Mr. Marciano would relinquish his day-to-day responsibilities at the Company, on an unpaid basis, pending the completion of an investigation into the allegations of improper conduct.

On this news, Guess's share price fell $0.96, or 6.18%, to close at $14.58 on February 20, 2018.

Guess Investors: If you purchased GES shares and have questions or concerns about the securities investigation or your potential legal rights, please visit Kehoe Law Firm's Guess Shareholder Alert page, contact John A. Kehoe, Esq., (215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com, or e-mail info@kehoelawfirm.com.

Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing.

John Kehoe, Esq.
Kehoe Law Firm, P.C.
(215) 792-6676, Ext. 801
email us here