Core Viewpoint - A class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Grocery Outlet and its officers engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Grocery Outlet securities during the Class Period have until March 31, 2025, to request to be appointed as Lead Plaintiff [2]. Group 2: Financial Performance - On May 7, 2024, Grocery Outlet reported financial results for Q1 2024, providing guidance for Q2 that was significantly below expectations and further reducing its full fiscal year 2024 guidance [3]. - The company attributed the disappointing results and lowered guidance to unforeseen systems transition costs and residual expenses from its commission support program [3]. - Following this announcement, Grocery Outlet's stock price dropped by $5.02 per share, or 19.38%, closing at $20.88 per share on May 8, 2024 [3].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Grocery Outlet To Contact Him Directly To Discuss Their Options If you purchase securities in Grocery Outlet between November 7, 2023 and May 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Faruqi & ...

Core Viewpoint - A class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged violations of securities laws, specifically related to misleading statements about its system transition and its impact on sales and margins [1][4]. Group 1: Lawsuit Details - The lawsuit is based on claims that Grocery Outlet made false and misleading statements regarding the potential negative impacts of its system transition, despite indications of implementation errors [4]. - Investors who purchased Grocery Outlet securities between November 7, 2023, and May 7, 2024, are encouraged to participate in the lawsuit before the deadline of March 31, 2025 [2]. Group 2: Company Impact - The company was reportedly not equipped to properly execute its system transition, which led to false assurances to investors about its operational capabilities [4]. - As a result of the misleading public statements, when the truth about the company's situation became known, investors suffered financial damages [4].

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Grocery Outlet Holding Corp. ("Grocery Outlet" or the "Company") (NASDAQ: GO) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Grocery Outlet investors who were adversely affected by alleged securities fraud between November 7, 2023 and May 7, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/grocery-outle ...

SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Grocery Outlet Holding Corp. (NASDAQ: GO) securities between November 7, 2023 and May 7, 2024. Grocery Outlet is a value retailer of consumables and fresh products sold via a network of independently operated stores across the U.S. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. Th ...

SAN DIEGO, Feb. 3, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that the Grocery Outlet class action lawsuit – captioned Liberato v. Grocery Outlet Holding Corp., No. 25-cv-00957 (N.D. Cal.) – seeks to represent purchasers or acquirers of Grocery Outlet Holding Corp. (NASDAQ: GO) securities and charges Grocery Outlet as well as certain of Grocery Outlet's former top executives with violations of the Securities Exchange Act of 1934.If you suffered substantial losses and wish to serve as le ...

Core Viewpoint - Grocery Outlet Holding Corp. has faced significant stock price decline following the announcement of disappointing financial results and lowered guidance for fiscal year 2024, attributed to unforeseen costs related to system transitions and inventory management [1]. Summary by Sections Allegations - The class period for shareholders is from November 7, 2023, to May 7, 2024 - On May 7, 2024, Grocery Outlet reported first-quarter results that were significantly below expectations and reduced its second-quarter guidance, as well as its full-year guidance for fiscal 2024 - The company cited "unforeseen systems transition costs" and "residual expense from our commission support program" as reasons for the poor performance - Following this announcement, the stock price dropped to $20.88 per share on May 8, 2024, marking a decline of approximately 19.38% in one day [1]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 31, 2025, to monitor the case's progress - Registration allows shareholders to receive updates through portfolio monitoring software - Participation in the case incurs no cost or obligation for shareholders [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices - The firm aims to recover losses for investors affected by misleading statements or omissions that artificially inflated stock prices [3].

NEW YORK, Feb. 1, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Grocery Outlet Holding Corp. (NASDAQ: GO) between November 7, 2023 and May 7, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 31, 2025.So what: If you purchased Grocery Outlet securities during the ...

Core Points - A shareholder class action lawsuit has been filed against Grocery Outlet Holding Corp, alleging that the company misled investors regarding the completion of its System Transition and downplayed associated financial risks [1] - The lawsuit specifically targets shareholders who purchased shares between November 7, 2023, and May 7, 2024, and experienced significant losses [1] - The deadline for potential lead plaintiffs to file their requests is March 31, 2025 [2] Company Information - Grocery Outlet Holding Corp is facing legal challenges related to its financial disclosures and operational transitions [1] - Holzer & Holzer, LLC, a law firm specializing in securities litigation, is representing the shareholders in this case [2] - The firm has a history of recovering substantial amounts for shareholders affected by corporate misconduct [2]

SAN DIEGO, Jan. 31, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Grocery Outlet class action lawsuit – captioned Liberato v. Grocery Outlet Holding Corp., No. 25-cv-00957 (N.D. Cal.) – seeks to represent purchasers or acquirers of Grocery Outlet Holding Corp. (NASDAQ: GO) securities and charges Grocery Outlet and certain of Grocery Outlet's former top executives with violations of the Securities Exchange Act of 1934.If you suffered substantial losses and wish to s ...