NEW
YORK, April 2, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of DICK's
Sporting Goods (NYSE: DKS).
Shareholders who purchased shares of DKS during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/dicks-sporting-goods-loss-submission-form/?id=73644&from=4
CLASS PERIOD: May 25, 2022
to August 21, 2023
ALLEGATIONS: The complaint alleges that during the class period, Defendants
issued materially false and/or misleading statements and/or failed
to disclose that: a) demand for products in Dicks Sporting Good's
outdoor segment was slowing faster than defendants represented,
resulting in excess inventory; (b) the "structural changes" that
defendants repeatedly touted, including differentiated products,
improved pricing technology, and more efficient clearance channels,
did not allow the Company to manage its excess inventory without
hurting the Company's profitability; (c) the need to liquidate
excess inventory, including in the outdoor segment, would have a
materially negative effect on the Company's profitability; and (d)
as a result of (a)-(c) above, defendants' statements about the
Company's business condition and prospects were materially false
and misleading when made.
DEADLINE: April 22, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/dicks-sporting-goods-loss-submission-form/?id=73644&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of DKS during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 22, 2024. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal
business practices. The Gross Law Firm is committed to ensuring
that companies adhere to responsible business practices and engage
in good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content to download
multimedia:https://www.prnewswire.com/news-releases/dicks-sporting-goods-sued-for-securities-law-violations---contact-the-gross-law-firm-before-april-22-2024-to-discuss-your-rights--dks-302105086.html
SOURCE Gross Law Firm