ATLANTA, Oct. 10, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Advance Auto Parts, Inc. (“Advance Auto Parts,” “AAP,” or the “Company”) (NYSE: AAP). The lawsuit alleges Advance Auto Parts made false or misleading statements and/or omitted material adverse information, including: (1) the Company misrepresented the efficacy of AAP’s strategic pricing initiative and the impact of price reductions; (2) AAP omitted and/or concealed the negative impacts of the pricing initiative; (3) AAP provided investors with an overly optimistic perception of AAP’s operations; and (4) AAP created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company’s margins.
If you bought Advance Auto Parts shares between November 16, 2022 and May 30, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/advance-auto-parts/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is December 8, 2023.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
