Press release
Feb. 20th Deadline coming up in Lawsuit for Investors who lost money with shares of The Lovesac Company (NASDAQ: LOVE)
A Deadline is coming up on February 20, 2024 in the lawsuit for certain investors in The Lovesac Company (NASDAQ: LOVE).
Investors who purchased shares of The Lovesac Company (NASDAQ: LOVE) have certain options and there are strict and short deadlines running. Deadline: February 20, 2024. The Lovesac Company (NASDAQ: LOVE) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of Connecticut the plaintiff alleges on behalf of purchasers of The Lovesac Company (NASDAQ: LOVE) common shares between March 30, 2023 and August 16, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 30, 2023 and August 16, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that Lovesac did not properly account for last mile shipping and freight expenses, that accordingly, Lovesac's disclosure controls and procedures and internal control over financial reporting were ineffective and deficient, that as a result of all the foregoing, Lovesac overstated its gross profit and operating and net income, as well as understated its shipping and handling costs and accrued freight and shipping expenses, in its previously issued financial statements, that accordingly, Lovesac was likely to restate one or more of its previously issued financial statements, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of The Lovesac Company (NASDAQ: LOVE) 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.
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