Popular on TelAve
- Voices Rising Festival Celebrates Diversity in E. Islip, GRAMMY Governor LACHI performs! - 102
- Dr. Stephen Shainbart, PHD, Highlights 5 Reasons to Discuss Family Therapy and Couples Counseling in Buffalo, NY
- Origination of Prince Oak's new alias and reasons of his change — the Eurasian Prince's newest nominal label is "Papa Eurasia"
- Tim O'Loughlin Appointed Chief Executive Officer of Vantiva and Co-opted as a Director of the Board
- U.S. Beauty and Personal Care Market Booming with Rising Demand for Natural and Organic Products
- Vantiva and Harmonic Partner to Offer Service Providers Easy Transition from DOCSIS to Fiber-based PON Technologies
- VSA Officially Receives SOC 2 Approval
- Purple Union C-Murder Supporting Angola Prisoners in Their Fight for Basic Human Rights Through Labor Strike
- AI-driven money-saving tips: Black Friday shopping guide for 2024
- Free 6-Month Premium Matrimonial Membership Now Available on IndoMarry.com
Similar on TelAve
- Georgia STAND-UP Hosts "Party at the Polls" to Encourage Voter Turnout on Election Day
- TCB Capital Advisors Congratulates Altoida & Gregor Diagnostics on 2024 Merit Awards Recognition
- Secrets of Esus Revealed at Jupiter Inlet
- Qualis welcomes Steven C. Miley as Vice President of Contracts
- Coker Announces Acquisition of Healthcare Consulting Firm, TTG Healthcare Advisors
- Paul Ormsby is appointed by STS Capital Partners as Senior Vice President of Operations
- Nexgen Outfitters Secures GSA Contract, Bringing Premier Outdoor Sporting Goods and Equipment to Federal, State, and Local Agencies
- Capital Realty Group Has An Outstanding October!
- Healthcare Consulting Firm, Coker, Announces Acquisition of NorthGauge Healthcare Advisors
- Drive for Gratitude Significantly Impacts Veterans Well-being
Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Dick's Sporting Goods, Inc. (DKS)
TelAve News/10821059
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 22, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Dick's Sporting Goods, Inc. ("DSG" or the "Company") (NYSE: DKS) common stock between May 25, 2022 and August 21, 2023, inclusive (the "Class Period").
Investors suffering losses on their DSG investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On August 22, 2023, DSG announced disappointing second quarter 2023 financial results, attributing its reduced margins and profitability primarily to promotional sales of excess inventory.
On this news, DSG's stock price fell $35.51, or 24.1%, to close at $111.53 per share on August 22, 2023, thereby injuring investors.
More on TelAve News
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) demand for products in DSG's Outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (2) 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; (3) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired DSG common stock during the Class Period, you may move the Court no later than April 22, 2024 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
More on TelAve News
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Investors suffering losses on their DSG investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On August 22, 2023, DSG announced disappointing second quarter 2023 financial results, attributing its reduced margins and profitability primarily to promotional sales of excess inventory.
On this news, DSG's stock price fell $35.51, or 24.1%, to close at $111.53 per share on August 22, 2023, thereby injuring investors.
More on TelAve News
- New Nonprofit Assumes Operations of MarketLink and Novo Dia Group Technology
- TCB Capital Advisors Congratulates Altoida & Gregor Diagnostics on 2024 Merit Awards Recognition
- CCHR: Helsinki Medical Code Allows Coerced Research on Mental Health Patients
- Secrets of Esus Revealed at Jupiter Inlet
- Boston Industrial Solutions, Inc. introduces new vibrant silicone ink colors
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) demand for products in DSG's Outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (2) 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; (3) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired DSG common stock during the Class Period, you may move the Court no later than April 22, 2024 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
More on TelAve News
- GyftPro Revolutionizes Holiday Gift Shopping: A 100% AI-Built App by First-Time Developer Launches Just in Time for the Holidays
- Momcozy and Jenna Dewan Announce Gift Box of New Mom Essentials
- William "Will" Yorgey Joins Kokomo Realty in Flagler Beach, FL
- Never-Before-Seen Kamala Harris and Ady Barkan Interview Released on Anniversary of Barkan's Passing, Just Ahead of Election Day
- Hoodgeek Merges Pov Commentary On Culture, Entertainment, Politics, Music, Sports, And Technology
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
0 Comments
Latest on TelAve News
- SOVAS Honors the Legacy of James Earl Jones With the Newly Established "The James Earl Jones Prize"
- Nayarit Becomes An Official Tourism Destination of the Los Angeles Lakers
- Nexgen Outfitters Secures GSA Contract, Bringing Premier Outdoor Sporting Goods and Equipment to Federal, State, and Local Agencies
- Onestreet Residential Closes On Hearthside Riverdale Site
- Transform Your Date Night with Lick Pineapple Flavored Massage Oil – The Perfect Gift for New Relationships
- Alessia Moccia of E-uphoria: Bridging Fashion, Art, and Technology in NYC
- The Nature Conservancy, Partners Protect Water for People and Nature with Landmark Easement
- Attorney Eric Chun Joins Bisnar Chase Personal Injury Attorneys, LLP
- Capital Realty Group Has An Outstanding October!
- Anaptyx Recognized as First in Customer Service
- The United States Environmental Protection Agency (USEPA) is SEBAC's 2024 Award for Excellence winner
- Author Riley G. Staliger Offers Tools to Escape Guilt-Driven Relationships AKA Obligationships Using Pop Culture
- Healthcare Consulting Firm, Coker, Announces Acquisition of NorthGauge Healthcare Advisors
- Kaplan Morrell Named Exclusive Workers' Compensation Firm for Greeley Fire Fighters
- Drive for Gratitude Significantly Impacts Veterans Well-being
- The Voice of the Wooden Dragon is Latest Release from NFB Publishing
- AONE Fest 2024: Celebrating Creativity and Community at Red Dot Studios
- At Your Service Plumbing Honored with Silver Award in The Best of Pierce County
- Retired Navy SEAL Launches Barrett Strategic Leadership Group (BSLG)
- Green Office Partner Ranked #1 on Chicago Sun-Times' Best Workplaces List for 2024