#USA #New York #Class Action #Levi Korsinsky #Grocery Outlet

Call to Action for Investors of Grocery Outlet Holding Corp.

In recent news, shareholders of Grocery Outlet Holding Corp. (NASDAQ: GO) are urged to participate in a class action lawsuit due to significant losses incurred within a specific period. This legal action is spearheaded by Levi & Korsinsky, LLP, which is well-known for representing investors in securities litigation.

Overview of the Case

The class action lawsuit focuses on damages resulting from alleged securities fraud that transpired between November 7, 2023, and May 7, 2024. On May 7, Grocery Outlet published its financial results for the first quarter of fiscal 2024, revealing outcomes that fell well short of market expectations. Furthermore, the company revised its future guidance, indicating that unforeseen costs related to systems transitions would negatively impact their performance. This announcement triggered a precipitous drop in the company’s stock price, plummeting nearly 19.38% in just one day, closing at $20.88 per share.

Investor Rights and Options

For those who experienced losses during the outlined time frame, there is a limited window to step forward and potentially recover their investments. Interested parties must act before March 31, 2025, to file for lead plaintiff status in the class action. However, it is important for investors to note that participating does not require one to take on the lead plaintiff role to partake in any financial recovery.

No Out-of-Pocket Costs

One of the compelling aspects of this class action is that there is no financial burden placed on its members. Class members are not required to pay out-of-pocket fees or costs to join the lawsuit. Levi & Korsinsky emphasizes that this is an opportunity for shareholders to obtain compensation without any financial commitment.

Why Choose Levi & Korsinsky?

With two decades of experience in similar lawsuits, Levi & Korsinsky has successfully secured hundreds of millions of dollars for shareholders. Their expertise in complex securities litigation is backed by a dedicated team of over 70 professionals, contributing to their reputation as one of the leading firms in the field. According to ISS Securities Class Action Services, the firm has been recognized in the Top 50 Report as a top player in securities litigation for seven consecutive years.

Contact Information

Shareholders of Grocery Outlet wishing to learn more about the class action can reach out to Levi & Korsinsky directly. Investors can contact Joseph E. Levi, Esq. or Ed Korsinsky, Esq. at:

• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
• - Email: [email protected]
• - Phone: (212) 363-7500

For more information, recommend visiting Levi & Korsinsky's website or directly sending an inquiry via email. This case represents a crucial opportunity for affected Grocery Outlet shareholders to explore recovery options amidst recent financial challenges the company has faced.

Conclusion

Investors should act swiftly to ensure their rights are protected in this ongoing matter. As the deadline approaches for filing as a lead plaintiff, the actions taken now could lead to potential financial recovery for those adversely affected by the company's recent disclosures. The class action not only seeks justice for individual shareholders but also aims to hold Grocery Outlet accountable for its management decisions and communication practices during this turbulent period.