G-III Apparel Group, Ltd. (NASDAQ: GIII)

This investigation is for anyone who acquired securities in G-III Apparel Group, Ltd. (NASDAQ: GIII) prior to November 30, 2022.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had sufficient controls over inventory but then by ordering too much product.

On November 30, 2022, G-III announced third-quarter operating results, disclosing that higher inventory levels caused “logistical challenges within [its] distribution centers.” As a result, the Company reported “significant” charges in the third quarter “that were above [its] expectations, which adversely impacted [its] bottom line by approximately $0.40 per diluted share.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in G-III Apparel Group, Ltd. (NASDAQ: GIII) prior to November 30, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.