Attention Investors: Rosen Law Firm Reminds Purchasers of Grocery Outlet Holding Corp. Securities of Important Deadline
New York, NY – Rosen Law Firm, a global investor rights law firm, reminds 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 significant March 31, 2025 lead plaintiff deadline.
What is the Class Action Lawsuit About?
The lawsuit alleges that Grocery Outlet Holding Corp. and certain of its officers and directors violated the Securities Exchange Act of 1934 by making materially false and misleading statements and omitting key information from its regulatory filings and public statements during the Class Period. Specifically, the complaint alleges that the defendants failed to disclose that the company’s revenue growth was primarily due to the acquisition of new stores and that same-store sales growth was declining.
Who is Affected?
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 lead plaintiff is the proposed representative for all persons who purchased Grocery Outlet securities during the Class Period. The lead plaintiff will determine whether to accept a settlement or proceed with the litigation.
How Does This Affect You?
If you purchased Grocery Outlet securities during the Class Period, you may have lost money as a result of the defendants’ alleged securities law violations. The lawsuit seeks to recover damages on behalf of all affected investors. If the defendants are found liable, you may be entitled to a portion of the recovery.
How Does This Affect the World?
The outcome of this lawsuit could have significant implications for the grocery retail industry and investor confidence in publicly traded companies. If the allegations are proven true, it could lead to increased scrutiny of other companies in the industry and potential regulatory action. It also highlights the importance of transparency and accuracy in financial reporting.
- Investors in Grocery Outlet Holding Corp. who purchased securities during the Class Period may be entitled to compensation
- The lawsuit alleges securities law violations by the company and certain officers and directors
- The outcome of the lawsuit could have implications for the grocery retail industry and investor confidence
Conclusion
Rosen Law Firm encourages investors who purchased Grocery Outlet securities during the Class Period to contact the firm before the lead plaintiff deadline in order to discuss their potential role in the lawsuit and their potential recovery. The firm represents investors in securities fraud class actions and derivative actions, and has recovered over $1 billion for its clients.
If you purchased Grocery Outlet securities during the Class Period and wish to discuss your potential role in the lawsuit, please contact Kimberly Clausing, Esq. or Phillip Kim, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via email at [[email protected]](mailto:[email protected]) or [[email protected]](mailto:[email protected]).
Rosen Law Firm is a global investor rights law firm committed to representing investors and recovering damages for their losses. The firm has a long history of achieving significant recoveries for investors under the Securities Exchange Act of 1934. For more information about the firm, please visit www.rosenlegal.com.
