Eine Filiale von Advance Auto Parts in Wyoming.
Donnerstag, 16.11.2023 19:45 von | Aufrufe: 10

AAP Investors Have Opportunity to Lead Advance Auto Parts Securities Fraud Lawsuit

Eine Filiale von Advance Auto Parts in Wyoming. © RiverNorthPhotography / iStock Unreleased / Getty Images Plus / Getty Images https://www.gettyimages.de/

PR Newswire

BENSALEM, Pa., Nov. 16, 2023 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Advance Auto Parts ("AAP" or the "Company") (NYSE: AAP).

Class Period: November 16, 2022May 30, 2023
Lead Plaintiff Deadline: December 8, 2023

Investors suffering losses on their AAP investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed alleges that, throughout the Class Period, Defendants: (1) misrepresented the efficacy of AAP's strategic pricing initiative and the impact of price reductions; (2) omitted and/or concealed the negative impacts of the pricing initiative; (3) provided investors with an overly optimistic perception of AAP's operations; (4) created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company's margins; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts


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Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Cision View original content:https://www.prnewswire.com/news-releases/aap-investors-have-opportunity-to-lead-advance-auto-parts-securities-fraud-lawsuit-301991406.html

SOURCE Law Offices of Howard G. Smith

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