Grocery Outlet Holding Corp.

Registration Deadline:

03/31/2025

Submit Your Information

A securities class action has been filed in the USDC — N.D.CA. against Grocery Outlet Holding Corp. (GO) (“Grocery Outlet” or the “Company”), on behalf of all persons or entities who purchased or otherwise acquired Grocery Outlet common stock between November 7, 2023, and May 7, 2024, both dates inclusive (the “Class Period”).

 

Grocery Outlet is a value retailer of consumables and fresh products sold via a network of independently operated stores across the United States. More specifically, Grocery Outlet has stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland, New Jersey, and Ohio.

 

The complaint alleges that Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Grocery Outlet’s transition to new and upgraded systems; notably, that the Company was either not truly equipped to timely and effectively execute on the transition or otherwise failed to disclose the potential for significant setbacks to Grocery Outlet’s profitability as a result of delays and implementation issues which impacted the Company’s visibility and performance. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Grocery Outlet’s securities at artificially inflated prices.

 

Following this news, Grocery Outlet’s stock price fell to $20.88 per share on May 8, 2024, a decline of about 19.38% in the span of just a single day.

 

If you purchased Grocery Outlet common stock during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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.