Important Information for Investors: Rosen Law Firm Reminds Purchasers of Grocery Outlet Holding Corp. Securities of Their Rights and Potential Compensation
New York, NY, Feb. 23, 2025 – The Rosen Law Firm, a global investor rights law firm, is reminding purchasers of securities of Grocery Outlet Holding Corp. (NASDAQ: GO) between November 7, 2023 and May 7, 2024, both dates inclusive (the “Class Period”), of the important March 31, 2025 lead plaintiff deadline.
What Happened
Grocery Outlet Holding Corp. is a California-based grocery retailer that operates under the “Grocery Outlet” and “Mason’s” banners. The company reported financial results for the fourth quarter and full year ended January 29, 2024, which revealed disappointing earnings and revenue, causing the stock price to drop significantly.
Following this news, a securities class action lawsuit was filed against Grocery Outlet Holding Corp. in the United States District Court for the Northern District of California, alleging that the company and certain of its top executives made false and misleading statements and failed to disclose material information about the company’s business, operations, and prospects.
Who is Eligible
If you purchased Grocery Outlet securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit and seeks to appoint you as Lead Plaintiff if your losses exceeded $100,000. The lawsuit seeks to recover damages for investors under the Securities Exchange Act of 1934.
Why it Matters
The alleged securities fraud could significantly impact investors who purchased Grocery Outlet securities during the Class Period. By participating in this class action, investors can seek to recover their losses and hold the company and its executives accountable for their actions.
Impact on Individuals
If you purchased Grocery Outlet securities during the Class Period, you may be able to recover your losses through this class action lawsuit. The potential compensation could help offset any financial damages you have incurred as a result of the alleged securities fraud.
Impact on the World
The securities fraud allegations against Grocery Outlet Holding Corp. could have broader implications for the grocery retail industry and investor confidence. This case serves as a reminder for companies to provide accurate and timely information to investors to maintain transparency and trust in the market.
Conclusion
If you purchased Grocery Outlet Holding Corp. securities between November 7, 2023, and May 7, 2024, and suffered losses as a result, you may be entitled to compensation. The Rosen Law Firm is preparing a class action lawsuit and seeks to appoint you as Lead Plaintiff if your losses exceeded $100,000. Contact the Rosen Law Firm to discuss your potential recovery options and hold Grocery Outlet Holding Corp. and its executives accountable for their alleged securities fraud.
- Grocery Outlet Holding Corp. reported disappointing earnings and revenue for Q4 2023 and full year 2024.
- A securities class action lawsuit was filed against the company in the Northern District of California.
- Individual investors who purchased Grocery Outlet securities during the Class Period may be entitled to compensation.
- The Rosen Law Firm is preparing a class action lawsuit and seeking to appoint a Lead Plaintiff.
- The potential compensation could help offset any financial damages incurred as a result of the alleged securities fraud.
- This case serves as a reminder for companies to provide accurate and timely information to investors to maintain transparency and trust in the market.
