Ticker: DAKT

Class Period Start: 03/10/2022

Class Period End: 12/06/2022

Registration Deadline: 02/20/2023

Submit Your Information

A securities class action has been filed in the USDC – S.D.N.Y. against Daktronics, Inc. (DAKT) on behalf of persons and entities that purchased or otherwise acquired Daktronics securities between March 10, 2022 through December 6, 2022.  

 

The Complaint 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 the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted the Company’s ability to fund inventory levels and operations;
  • that, as a result, it was probable that some portion of the Company’s deferred tax assets would not be realized;
  • that as a result, the Company was reasonably likely to record a material valuation allowance to its deferred tax assets;
  • that there were material weaknesses in the Company’s internal controls over financial reporting related to income taxes;
  • that the foregoing presented liquidity concerns and there was substantial doubt as to the Company’s ability to continue as a going concern;
  • and that as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased Daktronics, Inc. securities during the Class Period and would like to join the action, please click on “Submit Your Information”.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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