SOURCE: Kahn Swick & Foti, LLC

May 08, 2013 22:00 ET

VITAMIN SHOPPE SHAREHOLDER ACTION CHARGES INSIDER SELLING: Former Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $150,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Vitamin Shoppe, Inc. - VSI

NEW ORLEANS, LA--(Marketwired - May 8, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 8, 2013 to file lead plaintiff applications in a securities class action lawsuit against Vitamin Shoppe, Inc. (NYSE: VSI), if they purchased the Company's securities during the period between May 8, 2012 and February 25, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of New Jersey.

What You May Do

If you purchased shares of Vitamin Shoppe and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com) toll free at 1-877-515-1850. To serve as a lead plaintiff, you must petition the Court by July 8, 2013.

About the Lawsuit

Vitamin Shoppe and certain of its executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws, including, in part, the following: (1) Vitamin Shoppe's business was being negatively impacted by competition from on-line retailers which were significantly reducing prices on popular supplements; (2) GNC's new discount program was negatively impacting the Company's sales growth; and (3) the Company was experiencing declining same-store sales trends.

The action also alleges that Vitamin Shoppe insiders sold their stock during the Class Period while in possession of material adverse information, as follows: former President, Michael Archbold, $18.4 million; Chief Executive Officer, Anthony Truesdale, $8.1 million; and Board Chairman, Richard Markee, $4.4 million. 

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

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