Core Viewpoint - A class action lawsuit has been filed against Grocery Outlet Holding Corp. for allegedly providing misleading information regarding its transition to new systems, which may have impacted its profitability during the Class Period from November 7, 2023, to May 7, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Grocery Outlet made overwhelmingly positive statements while concealing material adverse facts about its operational transition, leading to investor damages when the truth was revealed [5]. - Investors who purchased Grocery Outlet securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is encouraging investors to select qualified counsel with a proven track record [4]. - Investors can join the class action by submitting a form or contacting the firm directly for more information [3][6]. Group 3: Class Certification - No class has been certified yet, meaning investors are not represented by counsel unless they retain one [7]. - Investors have the option to remain absent class members and are not required to serve as lead plaintiffs to share in any potential recovery [7].
ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Grocery Outlet Holding Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action - GO