Press release
Investigation announced for Long-Term Investors who lost money with Leslie's, Inc. (NASDAQ: LESL) shares
An investigation on behalf of current long term investors in Leslie's, Inc. (NASDAQ: LESL) shares.
Investors who are current long term investors in Leslie's, Inc. (NASDAQ: LESL) 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: LESL stocks follows a lawsuit filed against Leslie's, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LESL stocks, concerns whether certain Leslie's, 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 District of Arizona the plaintiff alleges that the Defendants misled investors and/or failed to disclose that the Company's growth was caused by customers over purchasing products, that such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth, that the Company prolonged the inflated customer demand by warning customers that Leslie's could not "guarantee availability" of chemicals in the future, that any slowdown in sales was not a normalization of past seasonality, but was due to the prior excess stockpiling, and that as a result, Defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Leslie's, Inc. (NASDAQ: LESL) have certain options and should contact the Shareholders Foundation.
ichael 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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