Answer
The press release you quoted does not give a specific “court‑date” or a set‑in‑stone timetable for when the Vestis case will move from the claims‑gathering stage to a settlement or a trial. What it does provide is the only concrete deadline that the plaintiffs’ counsel have set for potential claimants:
| Key date in the release | What it means for the case timeline |
|---|---|
| August 8 2025 – Shareholders who lost more than $75,000 between May 2 2024 and May 6 2025 are asked to contact Faruqi & Faruqi, LLP by this date. | This is the cut‑off for the “first‑step” intake. After the August 8 deadline, the firm will have a roster of investors who have expressed interest in joining the litigation. The firm will then decide whether to file a class‑action lawsuit (or a series of representative suits) on behalf of those investors. |
How a typical securities‑class‑action timeline proceeds after such a deadline
| Stage | Typical time‑frame | What happens |
|---|---|---|
| 1. Claim‑intake & case‑assessment (post‑deadline) | 2–4 weeks after Aug 8 2025 | The firm reviews the information supplied by claimants, verifies the $75,000 threshold, and determines the size and viability of the potential class. |
| 2. Filing the complaint | 1–2 months after the assessment | If the firm decides to move forward, it drafts and files a class‑action complaint in a federal district court (most likely the Northern District of California, where Vestis is headquartered). |
| 3. Class‑certification motion | 6–12 months after filing | The plaintiff seeks a court order that the case meets the Rule 23 requirements for a class. This period includes discovery of corporate records, exchange of motions, and a possible “class‑certification hearing.” |
| 4. Settlement negotiations | Concurrent with or after class‑certification (often 6–18 months total) | Once the class is certified, the parties typically enter settlement talks. In securities cases, settlements are common because they avoid the risk of a large jury verdict and the cost of a protracted trial. |
| 5. Trial (if settlement fails) | 12–24 months after filing the complaint | If the parties cannot reach a settlement, the case proceeds to trial. A securities‑fraud trial usually runs 3–6 months from the start of the trial date, but the “trial‑ready” date is often set 12–18 months after the complaint is filed, giving both sides time for final pre‑trial motions and jury selection. |
Putting the dates together for the Vestis case
| Milestone | Estimated window (based on typical timelines) |
|---|---|
| Claim‑intake deadline – August 8 2025 (already set) | — |
| Potential filing of the class‑action complaint | Late August 2025 to October 2025 |
| Class‑certification decision | Mid 2026 (≈ 6–9 months after filing) |
| Settlement‑negotiation window | Mid 2026 to late 2026 (if parties move quickly) |
| If no settlement, trial‑ready date | Early 2027 (≈ 12–15 months after filing) |
| Possible trial | Mid 2027 (the actual trial could run 3–6 months) |
Key take‑aways for investors
- The only firm‑date you have right now is August 8 2025. Contacting Faruqi & Faruqi before that date is essential to preserve your right to be included in any future action.
- After the deadline, the case will still be in the “pre‑filing” stage for a few weeks to a couple of months. No court dates are set yet, so the timeline is still fluid.
- If the plaintiffs file a class‑action, you can expect a **6‑12‑month period before the court decides whether the case can proceed as a class.**
- Most securities‑class actions settle before trial. Historically, settlements in comparable cases (e.g., other public‑company fraud actions) are reached within 12–18 months after the complaint is filed.
- If settlement does not materialize, the earliest a trial could realistically start is **late 2026 to early 2027.** That would be roughly 12–15 months after the complaint is filed, giving both sides time for final discovery, pre‑trial motions, and jury selection.
Bottom line
- Short‑term: Make sure you’re on the claim‑list by August 8 2025.
- Mid‑term: Assuming the plaintiffs file a class‑action in Fall 2025, the case will likely be class‑certified by mid‑2026 and settlement talks will be underway.
- Long‑term: If settlement does not occur, the trial‑ready date would be around early 2027, with the trial itself possibly concluding mid‑2027.
Because the press release does not specify a settlement or trial schedule, the above timeline is an informed projection based on typical securities‑class‑action practice. The actual dates could shift—especially if the parties agree to an early settlement, if the court expedites class certification, or if there are procedural delays (e.g., motions to dismiss, additional discovery disputes, or appeals).
Action for you: If you meet the loss threshold, contact Faruqi & Faruqi as soon as possible—well before the August 8 2025 deadline—to ensure you’re included in the claim‑gathering process and to receive any future updates on filing dates, class‑certification motions, and settlement negotiations.
Other Questions About This News
How might the market's perception of Vestis' governance and risk management change as a result of this filing?
How will the potential class-action lawsuit affect Vestis' stock price in the short term?
Will the lawsuit trigger any contingent liabilities that need to be disclosed in upcoming earnings reports?
Could the lawsuit lead to a recall of products or operational disruptions for Vestis?
How might the legal exposure impact Vestis' cash reserves and future capital expenditures?
What is the likelihood that the lawsuit will result in a material adverse effect on Vestis' financials?
Will there be any impact on Vestis' credit facilities or borrowing covenants due to the lawsuit?
How does this legal risk compare to similar cases within the industry and affect Vestis' competitive position?
What is the estimated size of the potential settlement or judgment against Vestis?