NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired shares of Dollar General Corporation (“Dollar General”) (NYSE:DG) between March 10, 2016 and November 30, 2016. You are hereby notified that Levi & Korsinsky has commenced the class action Askins v. Dollar General Corporation, et al. (Case No. 3:17-cv-00276) in the USDC for the Middle District of Tennessee, Nashville Division. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants made materially false statements and/or failed to disclose that: (i) a significant percentage of Dollar General’s EPS growth was tied to revenues derived from SNAP benefit recipients; (ii) the reinstitution of time limits on SNAP benefits would impact Dollar General’s operating business and financials, particularly the Company’s fiscal 2016 EPS guidance and same-store growth estimates; (iii) 56% of Dollar General stores are located in states that re-implemented the time limitation; and (iv) the announced benefit reductions would have a disproportionate impact on the Company’s sales relative to the overall percentage of sales derived from SNAP payments.
Take Action: if you suffered a loss in Dollar General you have until March 20, 2017 to 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.