SAN DIEGO, May 08, 2024 (GLOBE NEWSWIRE) — Johnson Fistel, LLP is investigating potential claims on behalf of DICK’s Sporting Goods (NYSE: DKS) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer.
If you have continuously owned DICK’s Sporting Goods shares since before May 25, 2022, you have certain legal rights as a shareholder. If you want to learn more, please read below or submit your information at:
https://www.johnsonfistel.com/investigations/dicks-sporting-goods
Recently a class action lawsuit was filed against DICK’s Sporting Goods seeking damages, but only for those who acquired stock between May 25, 2022 and August 21, 2023 (the “Class Period”). If you purchased shares before the Class Period, you will not be able to participate in any recovery obtained in the class action, but you may be able to participate in a separate action seeking to hold the officers and directors who engaged in the alleged wrongdoing responsible for any damage to the company.
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.
If you would like to know more about your rights as a shareholder or how you can participate in holding the officers and directors responsible for the damage that they allegedly caused the company to suffer, please contact Johnson Fistel at (619) 814-4471.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
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