LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Dick’s Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE: DKS) for violations of federal securities laws.
Investors who purchased the Company’s shares between March 7, 2017 and May 15, 2017 inclusive (the “Class Period”), are encouraged to contact the firm before July 17, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Dick’s made materially false and/or misleading statements, and/or failed to disclose materially adverse facts to investors. On May 12, 2017, the Company issued a Current Report filed on Form 8-K/A with the U.S. Securities & Exchange Commission, reporting that a “computation error resulted in a $23.4 million overstatement of Adjusted EBITDA amounts for both the 13 weeks and 52 weeks ended January 28, 2017.” Upon release of this news, Dick’s share price fell $2.62, or 5.22%, over the following two trading days. On May 16, 2017, Dick’s announced that sales at its existing stores in the first quarter of 2016 fell short of forecasts and advised investors that the Company planned to scale back new store openings in 2018 and 2019. Following this news, Dick’s stock price dropped materially, which caused investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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