NEW YORK--(BUSINESS WIRE)--If you purchased or otherwise acquired PriceSmart, Inc. (“PriceSmart” or the “Company”) common stock (NASDAQ: PSMT) between October 26, 2017 through October 25, 2018, you may have legal claims against PriceSmart and are encouraged to contact Scott+Scott Attorneys at Law (“Scott+Scott”) attorney Jonathan Zimmerman at (888) 398-9312 for more information, or to visit the following link: https://scott-scott.com/case/pricesmart-inc/. The deadline to move for Lead Plaintiff in a pending federal class action lawsuit against PriceSmart and certain of its officers and directors (“Defendants”) is July 22, 2019.
On October 25, 2018, the Company disclosed poor operating results for the fourth quarter and year ended August 31, 2018. The Company also announced that its Chief Executive Officer had resigned, and also disclosed that certain financial statements would be restated to correct a balance sheet misclassification of certain assets.
On this news, PriceSmart’s share price fell $12.41, or more than 15%, to close at $69.16 on October 26, 2018, thereby injuring investors.
What You Can Do
If you purchased PriceSmart stock between October 26, 2017 through October 25, 2018, inclusive, or if you have questions about this notice or your legal rights, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at firstname.lastname@example.org. The lead plaintiff deadline is July 22, 2019.
About Scott+Scott Attorneys at Law LLP
Scott+Scott is an international shareholders’ rights litigation firm with significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States and the world. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.