Rosen Law Firm Urges Grocery Outlet Holding Corp. Investors to Act Before Key Deadline in Securities Class Action

NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Rosen Law Firm, a prominent global investor rights law firm, has announced the filing of a class action lawsuit aimed at investors who purchased securities of Grocery Outlet Holding Corp. (NASDAQ: GO) between November 7, 2023 and May 7, 2024, inclusive. This period is referred to as the "Class Period". Currently, a class action lawsuit has been initiated, and if you want to be the lead plaintiff, you need to take action and file with the Court on or before March 31, 2025.

If you acquired Grocery Outlet securities within the specified time frame, you might be eligible for compensation at no out-of-pocket cost to you, as this can be arranged through a contingency fee structure.

How to Participate in the Class Action

To join the Grocery Outlet class action lawsuit, interested investors are encouraged to visit this link, or reach out to Phillip Kim, Esq. at 866-767-3653 to gain more information. Additionally, you can email [email protected] for inquiries regarding the class action. Remember, your motion to serve as lead plaintiff must be filed with the Court by March 31, 2025. A lead plaintiff serves as a representative for other class members in advancing the case.

The Importance of Choosing the Right Counsel

Rosen Law Firm emphasizes the importance of selecting a law firm with a proven track record in securities class actions. It is common for some firms to advertise their services, yet lack the necessary experience or recognition in leading such cases. The Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, having represented investors around the world. The firm has a history of achieving substantial settlements, including the largest securities class action settlement against a Chinese company at that time. Since 2013, they have consistently ranked among the top law firms for securities class action settlements and have recovered hundreds of millions for investors, with a notable $438 million secured in 2019 alone.

The Nature of the Claims

The class action lawsuit alleges that during the Class Period, the defendants made overly positive statements to the public while issuing materially misleading statements and omitting critical information about Grocery Outlet's transition to new systems. It is claimed that the company was either not fully prepared to manage the transition effectively, or it failed to disclose significant potential setbacks that could impact its profitability. When the true situation was revealed, the lawsuit states investors faced damages.

It is crucial to note that no class has been certified yet. Until a class is officially certified, individuals are not represented by any counsel unless they choose one for themselves. Investors can remain class members without taking further action if they wish. Participation as a lead plaintiff does not determine whether they can share in any potential recovery in the future.

For updates on this case and other information, follow the Rosen Law Firm on platforms like LinkedIn or Twitter.

Attorney Advertising. Prior results are not indicative of future outcomes.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

lawsuit, investors, compensation