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Investigation announced for Long Term Investors in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI)

02-04-2020 11:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares.

An investigation on behalf of current long term investors in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares.

Certain directors of Ollie's Bargain Outlet Holdings, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: OLLI stocks follows a lawsuit filed against Ollie's Bargain Outlet Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OLLI stocks, concerns whether certain Ollie's Bargain Outlet Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company suffered a supply chain issue that impacted the initial inventory available at new stores, that, as a result, the Company lacked sufficient inventory to meet demand at certain store locations, that, as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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