The Law Offices of Frank R. Cruz Continues Investigation of G-III Apparel Group, Ltd. (GIII) on Behalf of Investors

The Law Offices of Frank R. Cruz continues its investigation of G-III Apparel Group, Ltd. (“G-III” or the “Company”) (NASDAQ: GIII) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

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, G-III’s stock price fell $9.66, or 44.7%, to close at $11.97 per share on December 1, 2022, thereby injuring investors.

Follow us for updates on Twitter:

If you purchased G-III securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to, or visit our website at If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.