ATLANTA, Jan. 31, 2025 (GLOBE NEWSWIRE) — A shareholder class action lawsuit has been filed against Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO). The lawsuit alleges that Defendants “created the false impression that they possessed reliable information pertaining to the completion of Grocery Outlet’s System Transition and any potential negative resulting therefrom, while also minimizing the risks associated with potential and perceived setbacks to the Company’s finances as a result of implementation errors and other issues surrounding the System Transition.”
If you bought shares of Grocery Outlet between November 7, 2023 and May 7, 2024 and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/grocery-outlet/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is March 31, 2025.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]
