Important Information for Investors: Rosen Law Firm Reminds Purchasers of Grocery Outlet Holding Corp. Securities of Upcoming Deadline
On February 23, 2025, Rosen Law Firm, a global investor rights law firm, issued a press release reminding purchasers of Grocery Outlet Holding Corp. (GO) securities between November 7, 2023, and May 7, 2024 (the “Class Period”), of the important March 31, 2025 lead plaintiff deadline in a securities class action lawsuit. The lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose material information during the Class Period.
Background on the Lawsuit
Grocery Outlet Holding Corp. operates as a grocery retailer in the United States. The Company operates through its subsidiary, Grocery Outlet, which sells a variety of merchandise, including fresh produce, meat, dairy products, and other grocery items. The Company’s business model is based on selling discounted and close-to-expiration items from national brand manufacturers.
Allegations in the Lawsuit
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that the defendants failed to disclose that the Company’s sales growth was due in part to the sale of non-core and non-comparable merchandise, and that these sales were not sustainable. The complaint further alleges that the defendants failed to disclose that the Company was experiencing deteriorating trends in its core business, and that the Company’s financial statements for the fiscal years ended January 31, 2023, and 2024 contained material misstatements and omissions.
Impact on Individual Investors
If you purchased Grocery Outlet Holding Corp. securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline is March 31, 2025. To participate in this class action, investors must submit their documentation by this deadline. If you wish to serve as lead plaintiff, you must meet certain requirements and must file a motion with the court before the lead plaintiff deadline.
Impact on the World
The outcome of this lawsuit could have significant implications for the grocery retail industry as a whole. If the allegations in the lawsuit are proven true, it could potentially lead to increased scrutiny of other companies in the industry and potential regulatory action. It could also lead to increased investor awareness of the importance of accurate financial reporting and disclosure. Additionally, it could potentially lead to changes in the way that companies in the industry report their sales and financial information.
Conclusion
If you purchased Grocery Outlet Holding Corp. securities during the Class Period and believe that you may be entitled to compensation, it is important that you take action before the lead plaintiff deadline on March 31, 2025. The Rosen Law Firm is dedicated to ensuring that investors receive the compensation they deserve. For more information, please contact the Rosen Law Firm by calling (866) 767-3653 or visiting the firm’s website at
- Rosen Law Firm issues reminder for Grocery Outlet Holding Corp. securities class action lawsuit
- Class Period: November 7, 2023 – May 7, 2024
- Lead plaintiff deadline: March 31, 2025
- Allegations of false and/or misleading statements and/or failure to disclose material information
- Potential implications for the grocery retail industry
