Important Notice for Shareholders of Grocery Outlet Holding Corp. (GO)
NEW YORK, Feb. 24, 2025 /PRNewswire/ — The Gross Law Firm, a leading national shareholder rights law firm, issues the following notice to all persons who purchased shares of Grocery Outlet Holding Corp. (GO) during the class period between March 1, 2023, and Aug. 31, 2024. The firm is investigating potential securities fraud claims against the Company and its officers and directors.
Background
Grocery Outlet Holding Corp. is a unique and innovative grocery retailer, operating a chain of more than 350 stores under the “Grocery Outlet” and “Mobi-Mart” brands. The Company’s business model focuses on selling overstocked and closeout merchandise from various suppliers at discounted prices, resulting in lower operating costs and higher profit margins.
Class Period and Allegations
The investigation concerns whether the Company and its officers and directors violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information during the class period. Specifically, the investigation focuses on allegations that the Company downplayed the impact of supply chain disruptions on its business, despite the Company being aware of significant issues that were negatively affecting its sales and profitability.
Impact on Shareholders
If you purchased shares of Grocery Outlet Holding Corp. during the class period and suffered a loss, you may be able to recover your losses as a lead plaintiff in this action. As a lead plaintiff, you would be a representative party acting on behalf of all other class members in the lawsuit. The lead plaintiff will work with the law firm to shape the litigation and help direct its strategy, as well as recover potential monetary damages.
Impact on the World
The potential impact of this investigation on the grocery retail industry could be significant, as it highlights the importance of transparency and accurate reporting in the face of supply chain disruptions and other challenges. The case could also serve as a reminder to investors to carefully consider a company’s disclosures, especially in industries that are heavily reliant on complex supply chains.
Contact The Gross Law Firm
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact The Gross Law Firm, 1633 Broadway, 10th Floor, New York, NY 10019, by telephone at (212) 614-5454, or by email at [email protected].
Conclusion
The Gross Law Firm encourages all shareholders who purchased Grocery Outlet Holding Corp. shares during the class period to contact the firm regarding this investigation and their potential recovery options. The firm takes pride in advocating for the rights of shareholders and strives to provide the best possible representation to its clients.
- Grocery Outlet Holding Corp. (GO) investigated for potential securities fraud
- Class period: March 1, 2023, to Aug. 31, 2024
- Allegations of misleading statements and failure to disclose material information
- Shareholders who suffered losses encouraged to contact The Gross Law Firm
- Potential impact on the grocery retail industry and investor awareness
