J.Jill (JILL) Alert: Johnson Fistel Announces Investigation of J.Jill, Inc.; Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO, Oct. 11, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by J.Jill, Inc. (NYSE: JILL) ("J.Jill") and certain of its officers and directors. J.Jill operates as a specialty retailer of women's apparel under the J.Jill brand in the United States.

Specifically, Johnson Fistel's investigation seeks to determine whether certain statements regarding J.Jill's business and prospects were false and misleading when made.

On March 9, 2017, J.Jill stock opened for trading at $12.75, the same day that the Company sold 11.7 million shares of stock in its initial public stock offering (the "IPO").  However, just seven months after its IPO, J.Jill common stock has dropped below $6.10 per share, in after-market trading on October 11, 2017. On October 11, 2017, J.Jill issued press release updating its guidance for the third quarter ending October 28, 2017. For the third quarter 2017, the Company now expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year. Prior guidance for J. Jill called for comparable sales to increase in the high single digits.

If you have information that could assist in this investigation, or if you are a J.Jill shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:Johnson Fistel, LLPJim Baker, 619-814-4471[email protected]

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SOURCE Johnson Fistel, LLP