Press release
Long-Term Investors in shares of Grocery Outlet Holding Corp. (NASDAQ: GO) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing
An investigation on behalf of current long term investors in Grocery Outlet Holding Corp. (NASDAQ: GO) shares.
Investors who are current long term investors in Grocery Outlet Holding Corp. (NASDAQ: GO) 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: GO stocks follows a lawsuit filed against Grocery Outlet Holding Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: GO stocks, concerns whether certain Grocery Outlet Holding Corp. 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 Northern District of California the plaintiff alleges that, the Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Grocery Outlet's transition to new and upgraded systems; notably, that the Company was either not truly equipped to timely and effectively execute on the transition or otherwise failed to disclose the potential for significant setbacks to Grocery Outlet's profitability as a result of delays and implementation issues which impacted the Company's visibility and performance. This lawsuit seeks to recover damages caused by Defendants' alleged violations of federal securities laws.
Those who purchased shares of Grocery Outlet Holding Corp. (NASDAQ: GO) 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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