{"id":819773,"date":"2025-02-28T05:49:57","date_gmt":"2025-02-28T10:49:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/grocery-outlet-holding-corp-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-go-2\/"},"modified":"2025-02-28T05:49:57","modified_gmt":"2025-02-28T10:49:57","slug":"grocery-outlet-holding-corp-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-go-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/grocery-outlet-holding-corp-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-go-2\/","title":{"rendered":"Grocery Outlet Holding Corp. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – GO"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Feb. 28, 2025<\/span><\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Grocery Outlet Holding Corp.<\/b> (“Grocery Outlet” or the “Company”) (NASDAQ: GO) of a class action securities lawsuit.<\/p>\n

\n

\n
\n \"Levi
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of Grocery Outlet investors who were adversely affected by alleged<\/span> securities fraud<\/span> between November 7, 2023<\/span> and May 7, 2024<\/span>. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n

\n https:\/\/zlk.com\/pslra-1\/grocery-outlet-holding-corp-lawsuit-submission-form?prid=132662&wire=4<\/a>\u00a0<\/p>\n

\n GO<\/b>\u00a0investors may also contact Joseph E. Levi, Esq.<\/span> via email at\u00a0jlevi@levikorsinsky.com\u00a0or<\/a> by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/b>According to the complaint, after-market on May 7, 2024<\/span>, Grocery Outlet announced its financial results for the first quarter of fiscal 2024, published significantly below-expectation guidance for the second quarter, and further reduced its guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on “unforeseen systems transition costs that surfaced at the end of the quarter” and the resulting “residual expense from our commission support program as we finish store physical inventory counts in the second quarter.”\u00a0 Following this news, Grocery Outlet’s stock price fell to $20.88<\/span> per share on May 8, 2024<\/span>, a decline of about 19.38% in the span of just a single day.<\/p>\n

\n WHAT’S NEXT? <\/b>If you suffered a loss in Grocery Outlet during the relevant time frame, you have until March 31, 2025<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.<\/b><\/p>\n

\n WHY LEVI & KORSINSKY: <\/b>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States<\/span>.<\/p>\n

\n CONTACT:<\/b>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.<\/span>
Ed Korsinsky, Esq.<\/span>
33 Whitehall Street, 17th Floor
New York, NY<\/span> 10004
jlevi@levikorsinsky.com<\/a>
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a><\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/grocery-outlet-holding-corp-sued-for-securities-law-violations–investors-should-contact-levi–korsinsky-for-more-information–go-302387945.html<\/a><\/p>\n

SOURCE Levi & Korsinsky, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK , Feb. 28, 2025 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Grocery Outlet investors who were adversely affected by alleged securities fraud between November 7, 2023 and May 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/grocery-outlet-holding-corp-lawsuit-submission-form?prid=132662&wire=4\u00a0 GO\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, after-market on May 7, 2024, Grocery Outlet announced its financial results for the first quarter of … <\/p>\n

Continue reading “Grocery Outlet Holding Corp. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – GO”<\/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-819773","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGrocery Outlet Holding Corp. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - GO - 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\/grocery-outlet-holding-corp-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-go-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grocery Outlet Holding Corp. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - GO - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Feb. 28, 2025 \/PRNewswire\/ — Levi & Korsinsky, LLP notifies investors in Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Grocery Outlet investors who were adversely affected by alleged securities fraud between November 7, 2023 and May 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/grocery-outlet-holding-corp-lawsuit-submission-form?prid=132662&wire=4\u00a0 GO\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, after-market on May 7, 2024, Grocery Outlet announced its financial results for the first quarter of … Continue reading "Grocery Outlet Holding Corp. 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