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Foot Locker, Inc. (FL)

Securities Class Action

Overview
  • Date:
  • 2/12/2019
  • Company Name:
  • Foot Locker, Inc.
  • Stock Symbol:
  • FL
  • Class Period:
  • FROM 8/19/2016 TO 8/18/2017
  • Status:
  • Closed/Complete

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NEW YORK, February 12, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Foot Locker, Inc. (NYSE: FL).

On March 9, 2018 a complaint was filed alleging that between August 19, 2016 and August 18, 2017, defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding Foot Locker’s business and prospects, including that Foot Locker’s vendors were transitioning to selling through various online retailers, diminishing the utility of Foot Locker’s large number of brick and mortar stores and the once-high value of its exclusivity relationships with those vendors, and that competition with online retailers had increased the pricing competition Foot Locker faced while also materially lowering the demand at Foot Locker stores.

If you are a long term stockholder of Foot Locker, 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.

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