Press release
Deadline on April 22nd coming up in Lawsuit for Investors in Dick's Sporting Goods, Inc. (NYSE: DKS)
A Deadline is coming up on April 22, 2024 in the lawsuit for certain investors in Dick's Sporting Goods, Inc. (NYSE: DKS).
Investors who purchased shares of Dick's Sporting Goods, Inc. (NYSE: DKS) have certain options and there are strict and short deadlines running. Deadline: April 22, 2024. NYSE: DKS 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 Western District of Pennsylvania the plaintiff alleges on behalf of purchasers of Dick's Sporting Goods, Inc. (NYSE: DKS) common shares between May 25, 2022 and August 21, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 25, 2022 and August 21, 2023, the defendants made false and/or misleading statements and/or failed to disclose that demand for products in Dick's Sporting Goods' Outdoor segment was slowing faster than defendants represented, resulting in excess inventory, that the "structural changes" that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow Dick's Sporting Goods to manage its excess inventory without hurting its profitability, and that the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on Dick's Sporting Goods' profitability.
Those who purchased shares of Dick's Sporting Goods, Inc. (NYSE: DKS) 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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