Important Notice for Shareholders of Grocery Outlet Holding Corp. (GO)
New York, NY, March 6, 2025 – The Gross Law Firm, a leading national securities fraud law firm, issues this notice to inform investors of a potential securities class action against Grocery Outlet Holding Corp. (GO).
The class action is on behalf of shareholders who purchased or otherwise acquired GO securities between November 5, 2022, and February 15, 2025, inclusive (the “Class Period”).
Details of the Class Action
The complaint alleges that during the Class Period, Grocery Outlet Holding Corp. and certain of its executives made false and misleading statements and failed to disclose material adverse facts about the company’s business, operations, and financial condition. Specifically, the complaint alleges that the defendants failed to disclose that:
- The company was experiencing declining sales and increased competition;
- The company’s financial statements were materially misstated;
- The company was experiencing significant operational challenges;
- The company’s growth prospects were overstated;
As a result of these alleged false and misleading statements, the price of GO shares traded at artificially inflated prices during the Class Period, causing investors harm.
How This Affects Shareholders
If you purchased or otherwise acquired shares of Grocery Outlet Holding Corp. (GO) during the Class Period, you may be entitled to join this action as a lead plaintiff. The lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to serve as the lead plaintiff, you must meet certain legal requirements.
You do not need to be the largest shareholder in the company to be the lead plaintiff. Class members do not need to have suffered the same type or amount of damages as the lead plaintiff. You may be able to serve as a lead plaintiff if you meet certain legal requirements and the court appoints you as the lead plaintiff.
How This Affects the World
The securities class action against Grocery Outlet Holding Corp. is significant because it highlights the importance of accurate and transparent disclosures by publicly traded companies. The allegations in the complaint, if proven, could result in substantial damages to the company and its shareholders. This could have ripple effects throughout the financial markets, potentially impacting investor confidence and the reputation of the securities industry.
Conclusion
If you purchased or otherwise acquired shares of Grocery Outlet Holding Corp. (GO) during the Class Period and believe you may be entitled to join this action as a lead plaintiff, please contact The Gross Law Firm as soon as possible. You may contact the firm by emailing [email protected] or calling 212-509-1441. The Gross Law Firm represents investors worldwide and takes pride in securing the best possible outcomes for its clients.
The Gross Law Firm encourages investors to carefully monitor the company’s securities filings, as additional information and updates may be disclosed in these documents.
This notice is not a solicitation or an offer to purchase securities, nor is it a solicitation or an offer to sell securities. The Gross Law Firm is not acting as a financial advisor or a fiduciary to anyone regarding the securities mentioned in this notice. This notice is not intended to provide legal advice on any particular matter.
The Gross Law Firm is a leading national securities fraud law firm that represents investors throughout the world. The firm has recovered billions of dollars for its clients and is committed to fighting for investor rights. If you believe that you have been the victim of securities fraud, please contact The Gross Law Firm.
The Gross Law Firm represents investors worldwide, and the firm’s attorneys are admitted to practice in New York, New Jersey, Massachusetts, Virginia, Maryland, the District of Columbia, and numerous other jurisdictions.
