{"id":813702,"date":"2025-02-17T08:33:48","date_gmt":"2025-02-17T13:33:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-fox-factory-holding-corp-nasdaq-foxf-and-encourages-long-term-investors-to-contact-the-firm\/"},"modified":"2025-02-17T08:33:48","modified_gmt":"2025-02-17T13:33:48","slug":"shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-fox-factory-holding-corp-nasdaq-foxf-and-encourages-long-term-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-fox-factory-holding-corp-nasdaq-foxf-and-encourages-long-term-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. (NASDAQ: FOXF) and Encourages Long-Term Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">PHILADELPHIA, Feb.  17, 2025  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Fox Factory Holding Corp. (NASDAQ: FOXF) (\u201cFox Factory\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <em>Click here for additional information: <\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Wwc0i_JNNwtlbc0ji7rO89vK8yheCktGDYNlwhO1g77803Vhb2qURUR5khcevGv9VwjmrINu0CnMHMe34z8AajgvBAa76I-PkqTN9oxKUAjVdDZ7EMoe7-hQOlBauhi0SvzqZynB51Kdrzfyn_UqrA==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/case\/fox-factory\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"left\">Recently a securities fraud complaint was filed against Fox Factory on behalf of certain investors who purchased shares of the company\u2019s stock between May 6, 2021 and November 2, 2023. According to the complaint, during that time period Fox Factory and certain of the company\u2019s senior executive officers made a series of materially false and misleading statements concerning the true level of consumer demand for the company\u2019s bicycles after a period of hyper demand following the onset of the COVID-19 pandemic.<\/p>\n<p align=\"left\">On November 2, 2023, Fox Factory shocked the market when it reported disappointing quarterly financial and operational results, including a decline of 58% in the bicycle division, and a reduction of its fiscal 2023 guidance. <strong><em>Following this disclosure, shares of Fox Factory\u2019s common stock declined $22.60 per share, or over 37% in value, to close at $60.53 per share on November 3, 2023, on unusually heavy trading volume.<\/em><\/strong><\/p>\n<p align=\"left\">The investigation seeks to determine whether the members of Fox Factory\u2019s board of directors violated the securities laws and\/or breached their fiduciary duties in connection with the above alleged misconduct.\u00a0<\/p>\n<p align=\"left\">\n        <strong><br \/>\n          <em>Fox Factory <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>shareholders who purchased or acquired FOXF shares <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>prior to October 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>229 \u2013 0750 <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>fo<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>r additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser):<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Wwc0i_JNNwtlbc0ji7rO89vK8yheCktGDYNlwhO1g77803Vhb2qURUR5khcevGv9GRRL4CyJTlb-xaGeqdWRfMd9Usp65UlBk3YAeW5nvQ2pGSfWK2y4uT1SnMRXwduuIQFA8x1a03KtnVZR-YwmEA==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <em>https:\/\/kaskelalaw.com\/case\/fox-factory\/<\/em><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"left\">Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IHfDSPiyBOQoYXB7V_0_xFbZfX86l2iJDKdOOW7Q6fpGuC3GS_b0HLeHQ_3aj6zmaccKbCviDIpdEznhQfZzYUUM1UgmvMLNA32DVR9OGTI=\" rel=\"nofollow\" target=\"_blank\">www.kaskelalaw.com<\/a>.<\/p>\n<p align=\"left\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>KASKELA LAW LLC<\/strong><br \/>\n        <br \/>D. Seamus Kaskela, Esq.<br \/>(<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qddC8wAkH5SBPVsS8nkb5dVojsDsfou6hTbWPrV2o4pDc5eybq1KeuLxlBamlR4cHvDjs6cBZ3AyyA5GVEZCr33dfmBNC4t67iZjB2cfrPo=\" rel=\"nofollow\" target=\"_blank\">skaskela@kaskelalaw.com<\/a>)<br \/>Adrienne Bell, Esq.<br \/>(<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VFbYuGuBLyOP1aEKcIAMX7jwJ9Nl9lgjeaw2253DYiUgIeTLg-EX00bjdjZiZ29L2O0IpkhnvZYhdHsV1eRmKofNJXDAcwfo7I3rIWjmBYk=\" rel=\"nofollow\" target=\"_blank\">abell@kaskelalaw.com<\/a>)<br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(484) 229 \u2013 0750<br \/>(888) 715 \u2013 1740<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IHfDSPiyBOQoYXB7V_0_xMFKQ3XLp6NlibxAhlkr3Pe0hjXxBQFQL8c14w73dOu2kWoI2VtnVQgIciuo1powMCsMQ4BmBD_8tDToW8De3Yo=\" rel=\"nofollow\" target=\"_blank\">www.kaskelalaw.com<\/a><\/p>\n<p align=\"left\">This notice may constitute attorney advertising in certain jurisdictions.\u00a0\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1OTMxMCM2NzUzNTcwIzIwOTk5MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjI0Y2VkMTgtZTA2ZS00ODE5LThkNTctOGYyZWZiZDEzODRiLTExMTE1MDY=\/tiny\/Kaskela-Law.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Fox Factory Holding Corp. (NASDAQ: FOXF) (\u201cFox Factory\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0 Click here for additional information: https:\/\/kaskelalaw.com\/case\/fox-factory\/ Recently a securities fraud complaint was filed against Fox Factory on behalf of certain investors who purchased shares of the company\u2019s stock between May 6, 2021 and November 2, 2023. According to the complaint, during that time period Fox Factory and certain of the company\u2019s senior executive officers made a series of materially false and misleading statements concerning the true level of consumer demand for the company\u2019s bicycles after a period of hyper demand following the onset of the COVID-19 pandemic. On November 2, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-fox-factory-holding-corp-nasdaq-foxf-and-encourages-long-term-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. (NASDAQ: FOXF) and Encourages Long-Term Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813702","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. (NASDAQ: FOXF) and Encourages Long-Term Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-fox-factory-holding-corp-nasdaq-foxf-and-encourages-long-term-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. (NASDAQ: FOXF) and Encourages Long-Term Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Fox Factory Holding Corp. (NASDAQ: FOXF) (\u201cFox Factory\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0 Click here for additional information: https:\/\/kaskelalaw.com\/case\/fox-factory\/ Recently a securities fraud complaint was filed against Fox Factory on behalf of certain investors who purchased shares of the company\u2019s stock between May 6, 2021 and November 2, 2023. According to the complaint, during that time period Fox Factory and certain of the company\u2019s senior executive officers made a series of materially false and misleading statements concerning the true level of consumer demand for the company\u2019s bicycles after a period of hyper demand following the onset of the COVID-19 pandemic. On November 2, &hellip; Continue reading &quot;SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. 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