Important Information for Investors: Rosen Law Firm Reminds Purchasers of Grocery Outlet Holding Corp. Securities of Potential Compensation
New York, NY – Rosen Law Firm, a global investor rights law firm, is reminding purchasers of Grocery Outlet Holding Corp. (NASDAQ: GO) securities between November 7, 2023 and May 7, 2024, both dates inclusive (the “Class Period”), of the important March 31, 2025 lead plaintiff deadline. This deadline applies to those who may have purchased or acquired Grocery Outlet securities during the Class Period and may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What Happened?
Grocery Outlet Holding Corp. is a unique and innovative supermarket retailer, operating approximately 350 stores under the “Grocery Outlet” and “Mason’s Famous Lobster” banners. The Company’s business model is based on selling a high volume of inventory at discounted prices. However, on May 10, 2024, Grocery Outlet announced its financial results for the first quarter ended April 30, 2024, which revealed a net loss of $15.8 million, compared to net income of $8.4 million in the same period the previous year. The Company attributed this decline to increased costs and supply chain disruptions.
Who Is Affected?
If you purchased or otherwise acquired Grocery Outlet securities during the Class Period, you may be entitled to compensation. This includes retail and institutional investors who directly or indirectly purchased or acquired the securities, as well as those who sold short or otherwise profited from declining prices during the Class Period. The potential compensation includes damages that may be recoverable under the Securities Act of 1933 and the Securities Exchange Act of 1934.
Why Should I Care?
The securities laws allow investors to recover damages if they have been misled or defrauded by a company’s officers or directors. In this case, the Rosen Law Firm believes that Grocery Outlet Holding Corp. and certain of its executives may have made materially false and misleading statements regarding the Company’s business, financial condition, and prospects. For example, the Company’s press release and public statements during the Class Period emphasized the successful execution of its strategic initiatives and the ongoing strength of its business model, despite mounting challenges.
What’s Next?
If you purchased Grocery Outlet securities during the Class Period, you may be entitled to join a consolidated class action lawsuit against Grocery Outlet Holding Corp. and its officers and directors. The lead plaintiff deadline for this case is March 31, 2025. If you wish to serve as lead plaintiff, you must meet certain legal requirements and must file a motion with the court before this deadline. The Rosen Law Firm encourages you to contact them as soon as possible to discuss your potential role in the case.
How Will This Affect Me?
As an individual investor, if you purchased Grocery Outlet securities during the Class Period and are considering joining the class action lawsuit, you may be eligible for compensation if the lawsuit is successful. This compensation could include damages for your losses, as well as any additional damages that may be available under the securities laws. The Rosen Law Firm will represent you and other class members on a contingency fee basis, meaning you will not pay any out-of-pocket costs or fees unless the case is successful.
How Will This Affect the World?
The success or failure of this class action lawsuit will not only have implications for Grocery Outlet Holding Corp. and its investors but could also set a precedent for future securities class actions. If the case is successful, it could encourage other investors to come forward and seek compensation for their losses, potentially leading to increased scrutiny and accountability for companies and their executives. Additionally, the case could result in increased transparency and disclosure requirements for companies in the retail industry, particularly those operating in the discount supermarket sector.
It is important to note that the outcome of this case is uncertain, and there is no guarantee that a favorable result will be obtained. However, if you purchased Grocery Outlet securities during the Class Period and are considering joining the class action lawsuit, the Rosen Law Firm encourages you to contact them as soon as possible to discuss your potential role in the case.
Conclusion
Grocery Outlet Holding Corp.’s financial performance during the Class Period raises serious concerns about the accuracy and completeness of the Company’s public disclosures. The Rosen Law Firm is investigating potential securities claims on behalf of investors who purchased Grocery Outlet securities during the Class Period. If you purchased Grocery Outlet securities during this period and believe that you may be entitled to compensation, the Rosen Law Firm encourages you to contact them as soon as possible to discuss your potential role in the case. The lead plaintiff deadline for this case is March 31, 2025.
As an individual investor, joining a securities class action lawsuit can be a complex and time-consuming process. However, if successful, you may be entitled to compensation for your losses. The Rosen Law Firm will represent you and other class members on a contingency fee basis, meaning you will not pay any out-of-pocket costs or fees unless the case is successful. To learn more about the case and your potential role, please visit the Rosen Law Firm website or contact them directly.
The outcome of this case could have significant implications not only for Grocery Outlet Holding Corp. and its investors but also for the retail industry as a whole. By holding companies and their executives accountable for inaccurate or misleading public disclosures, securities class actions can help restore investor confidence and promote transparency and disclosure. If you have any questions or concerns, please do not hesitate to contact the Rosen Law Firm.
