Cases
Advance Auto Parts, Inc. (NYSE: AAP)
Securities Class Action
Overview
Overview
- Date:
- 4/2/2018
- Company Name:
- Advance Auto Parts, Inc.
- Stock Symbol:
- AAP
- Class Period:
- FROM 11/14/2016 TO 8/15/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: District of Delaware
NEW YORK, April 2, 2018 – Bragar Eagel & Squire, P.C. announces to investors that a class action lawsuit has been filed in the U.S. District Court for the District of Delaware on behalf of all persons or entities who purchased or otherwise acquired Advance Auto Parts, Inc. (NYSE: AAP) securities between November 14, 2016 - August 15, 2017 (the “Class Period”). Investors have until April 9, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) integration issues surrounding Advance Auto’s Carquest acquisition resulted in systemic inefficiencies and cannibalization of sales; (2) increased competition was negatively impacting sales; and (3) as a result, defendants’ statements about Advance Auto’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Advance Auto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) integration issues surrounding Advance Auto’s Carquest acquisition resulted in systemic inefficiencies and cannibalization of sales; (2) increased competition was negatively impacting sales; and (3) as a result, defendants’ statements about Advance Auto’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Advance Auto securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.