openPR Logo
Press release

Long Term Investors who lost money with shares of Daktronics, Inc. (NASDAQ: DAKT) should contact the Shareholders Foundation

04-19-2023 05:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Daktronics, Inc. (NASDAQ: DAKT) shares.

An investigation on behalf of current long term investors in Daktronics, Inc. (NASDAQ: DAKT) shares.

An investigation was announced for current long-term investors in shares of Daktronics, Inc. (NASDAQ: DAKT) concerning potential breaches of fiduciary duties by certain directors of Daktronics, Inc..

Investors who are current long term investors in Daktronics, Inc. (NASDAQ: DAKT) 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: DAKT stocks follows a lawsuit filed against Daktronics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DAKT stocks, concerns whether certain Daktronics, 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: (1) that the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics' ability to fund inventory levels and operations; (2) that, as a result, it was probable that some portion of the Company's deferred tax assets would not be realized; (3) that as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets; (4) that there were material weaknesses in the Company's internal controls over financial reporting related to income taxes; (5) that the foregoing presented liquidity concerns and there was substantial doubt as to the Company's ability to continue as a going concern; (6) as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Those who purchased shares of Daktronics, Inc. (NASDAQ: DAKT) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Long Term Investors who lost money with shares of Daktronics, Inc. (NASDAQ: DAKT) should contact the Shareholders Foundation here

News-ID: 3018859 • Views:

More Releases from Shareholders Foundation

Investigation announced for Investors in Treace Medical Concepts, Inc. (NASDAQ: TMCI) over potential Wrongdoing
Investigation announced for Investors in Treace Medical Concepts, Inc. (NASDAQ: …
An investigation was announced over potential breaches of fiduciary duties by certain directors at Treace Medical Concepts, Inc. Investors who purchased shares of Treace Medical Concepts, Inc. (NASDAQ: TMCI) 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 concerns whether certain Treace Medical Concepts, Inc. directors breached their fiduciary duties and caused damage to the company and its
Deadline on May 20th coming up in Lawsuit for Investors in the Chemours Company (NYSE: CC)
Deadline on May 20th coming up in Lawsuit for Investors in the Chemours Company …
A deadline is coming up on May 20, 2024 in the lawsuit filed for certain investors of The Chemours Company (NYSE: CC) over alleged securities laws violations by The Chemours Company. Investors who purchased shares of The Chemours Company (NYSE: CC) have certain options and there are strict and short deadlines running. Deadline: May 20, 2024. NYSE: CC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -
Lawsuit filed for certain Investors who lost money with shares of Global Cord Blood Corporation (OTC: CORBF)
Lawsuit filed for certain Investors who lost money with shares of Global Cord Bl …
An investor, who purchased shares of Global Cord Blood Corporation (OTC: CORBF), filed a lawsuit over alleged violations of Federal Securities Laws by Global Cord Blood Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of Global Cord Blood Corporation (OTC: CORBF) have certain options and for certain investors are short and strict deadlines running. Deadline: June 24, 2024. OTC: CORBF investors should contact the Shareholders
Lawsuit filed for Investors who lost money with shares of Autodesk, Inc. (NASDAQ: ADSK)
Lawsuit filed for Investors who lost money with shares of Autodesk, Inc. (NASDAQ …
An investor, who purchased shares of Autodesk, Inc. (NASDAQ: ADSK), filed a lawsuit over alleged violations of Federal Securities Laws by Autodesk, Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Autodesk, Inc. (NASDAQ: ADSK) have certain options and for certain investors are short and strict deadlines running. Deadline: June 24, 2024. NASDAQ: ADSK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)

All 5 Releases


More Releases for Daktronics

LED Display Market: Liantronics, Leyard, Daktronics, Unilumin, Absen
MarketResearchReports.Biz adds “Global LED Display Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the LED Display market and the growth estimates for the forecasted period. This report studies the LED Display market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market,
Daktronics Wins IDEA Allied Achievement Award
BROOKINGS, S.D. – February 25, 2010 – Daktronics was presented with the Information Display and Entertainment Association (IDEA) Allied Achievement Award during the Annual IDEA conference that took place 14-17 February in Tampa Bay, Fla. The Allied Achievement Award gives honor to a current Allied IDEA member organization for industry innovations, support of the large screen video industry, and support of the IDEA organization. The member organization has to be
Daktronics Display Lights up Hangzhou Tower Shopping Center
BROOKINGS, S.D. – Jan. 13, 2010 – Over the past few months, a new light emitting diode (LED) display of more than 3,300 linear meters (10,800+ feet) of PXS-62 LED freeform lighting elements, designed and manufactured by Daktronics Inc. of Brookings, S.D. (NASDAQ-DAKT), was installed on the outside of the Hangzhou Tower Shopping Center. The LED lighting elements, attached to the façade of the two buildings, highlight local events and present
Historic Grand Rex lights up with Daktronics
Theatre Le Grand Rex, Paris, France, partnered with Daktronics Inc. of Brookings, S.D. (NASDAQ-DAKT) to light up the façade of its famous, historic building that was built in 1932. Daktronics manufactured and designed two vertical displays, featuring the latest LED video technology, that replaced fixed banners, previously used for promotion. The displays are approximately 11.8 meters high by 2.7 meters wide (39 feet high by nine feet wide) with pixels
11-06-2009 | Sports
Daktronics Inc.
Eastern Michigan Upgrades Stadium with Daktronics Displays
Brookings, S.D., announced that it has designed, manufactured and installed a new video, scoring and sound system on the campus of Eastern Michigan University in Ypsilanti, Mich. Since the start of this season, football fans at Rynearson Stadium have enjoyed an improved experience thanks to a new Daktronics light emitting diode (LED) video display, custom scoreboard and a Sportsound® 2000HD sound system. "This new scoreboard demonstrates the commitment Eastern Michigan
10-28-2009 | Sports
Daktronics Inc.
Rutgers University Installs Daktronics HD Football Display
BROOKINGS, S.D. – Oct. 20, 2009 – Scarlet Knights fans this season are being treated to a state-of-the-art, high definition video display at Rutgers Stadium. Daktronics Inc. (Nasdaq-DAKT) recently installed the new HD video display at Rutgers, the State University of New Jersey. Rutgers is currently in the midst of a $102 million expansion of the stadium to increase its seating capacity to 56,000. The LED displays are part of