SAN DIEGO, May 01, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Dick’s Sporting Goods, Inc. (NYSE: DKS).
Investors, who purchased Dick’s Sporting Goods, Inc. (NYSE: DKS) shares prior to May 2022 and continue to hold any of those NYSE: DKS shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 20, 2024, a lawsuit was filed against Dick’s Sporting Goods, Inc. over alleged securities laws violations. The lawsuit seeks to recover losses on behalf of certain investors in NYSE: DKS shares. 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 Dick’s Sporting Goods, Inc. (NYSE: DKS) shares and continue to hold any of those NYSE: DKS shares, have also certain options and should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
