Le Lézard
Classified in: Business
Subject: ATY

The Gross Law Firm Reminds DICK's Sporting Goods Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 22, 2024 - DKS


NEW YORK, March 22, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of DICK's Sporting Goods.

Shareholders who purchased shares of DKS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/dicks-sporting-goods-loss-submission-form/?id=72092&from=4

CLASS PERIOD: May 25, 2022 to August 21, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: a) demand for products in Dicks Sporting Good's outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (b) the "structural changes" that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company's profitability; (c) the need to liquidate excess inventory, including in the outdoor segment, would have a materially negative effect on the Company's profitability; and (d) as a result of (a)-(c) above, defendants' statements about the Company's business condition and prospects were materially false and misleading when made.

DEADLINE: April 22, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/dicks-sporting-goods-loss-submission-form/?id=72092&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of DKS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 22, 2024. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

SOURCE The Gross Law Firm


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