NEW
YORK, March 29, 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=73187&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=73187&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
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SOURCE The Gross Law Firm