Press release
Long-Term Investors who lost money with shares of Dick's Sporting Goods, Inc. (NYSE: DKS) should contact the Shareholders Foundation
An investigation on behalf of current long term investors in Dick's Sporting Goods, Inc. (NYSE: DKS) shares.
Investors who are current long term investors in Dick's Sporting Goods, Inc. (NYSE: DKS) 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 NYSE: DKS stocks follows a lawsuit filed against Dick's Sporting Goods, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: DKS stocks, concerns whether certain Dick's Sporting Goods, 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 Western District of Pennsylvania the plaintiff alleges that, 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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