Important Information for Investors: Rosen Law Firm Reminds Buyers of Grocery Outlet Holding Corp. Securities of Potential Lawsuit
NEW YORK, March 20, 2025
Rosen Law Firm, a global investor rights law firm, alerts investors that the deadline to file a lead plaintiff motion in the securities class action lawsuit against Grocery Outlet Holding Corp. (NASDAQ: GO), is approaching. If you purchased Grocery Outlet Holding securities between November 7, 2023, and May 7, 2024, both dates inclusive (the “Class Period”), you may be entitled to compensation. The lawsuit seeks to recover damages for investors following allegations of securities laws violations.
Background on the Lawsuit
The complaint alleges that Grocery Outlet Holding and certain of its executives made false and misleading statements and failed to disclose material information to investors. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s financial results were negatively impacted by increased competition and labor costs; (2) the Company’s internal control over financial reporting was weak; and (3) as a result, the Company’s financial statements were materially false and misleading at all relevant times.
Impact on Individual Investors
If you purchased Grocery Outlet Holding securities during the Class Period, you may be eligible to recover your losses, as a result of the defendants’ misrepresentations. The lead plaintiff is the proposed representative for all other class members in the lawsuit. The lead plaintiff will be in charge of making important decisions and directing the lawsuit. If you wish to join the lawsuit, you must file a motion with the court no later than March 31, 2025. You may also contact the Rosen Law Firm for more information.
Impact on the World
The securities class action lawsuit against Grocery Outlet Holding is significant because it raises questions about the Company’s financial reporting and business practices. These allegations, if proven true, could negatively impact investor confidence in the Company and the broader grocery retail industry. Additionally, the outcome of the lawsuit could result in financial damages for affected investors and potentially lead to changes in corporate governance and business practices at Grocery Outlet Holding.
Conclusion
If you purchased Grocery Outlet Holding securities during the Class Period, you have important legal rights. The lead plaintiff deadline to file a motion is March 31, 2025. You may be entitled to compensation. Contact the Rosen Law Firm for more information.
- Rosen Law Firm reminds investors of the upcoming lead plaintiff deadline in the securities class action lawsuit against Grocery Outlet Holding.
- If you purchased Grocery Outlet Holding securities between November 7, 2023, and May 7, 2024, you may be entitled to compensation.
- The lawsuit alleges that the Company and certain executives made false and misleading statements and failed to disclose material information.
- The lead plaintiff deadline to file a motion is March 31, 2025.
- The outcome of the lawsuit could negatively impact investor confidence and potentially result in financial damages for affected investors.
