FL INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Foot Locker, Inc. and a Lead Plaintiff Deadline of May 8, 2018
NEW YORK, NY / ACCESSWIRE / April 26,
2018 / The Law Offices of Vincent Wong announce that a class
action lawsuit has been commenced in the United States District Court for the
Eastern District of New York on behalf of investors who purchased Foot Locker,
Inc. (“Foot Locker”) (NYSE: FL) securities between August 19, 2016
and August 17, 2017.
Click here to learn about the case:
http://www.wongesq.com/pslra-c/foot-locker-inc?wire=1.
There is no cost or obligation to you.
According to the complaint, throughout
the Class Period, the Company issued materially false and misleading statements
and/or failed to disclose that: (1) 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 value of its
exclusivity relationships with those vendors; (2) competition with online
retailers had increased the pricing competition Foot Locker faced while also
materially lowering the demand at Foot Locker stores; and (3) as a result of
defendants’ failure to disclose this information, Foot Locker stock was
artificially inflated to a high of $79.20 per share during the Class Period,
while executives were able to sell over 192,000 shares of their personally held
Foot Locker stock at artificially inflated prices.
If you suffered a loss in Foot Locker
you have until May 8, 2018 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. To obtain additional
information, contact Vincent Wong, Esq. either via email vw@wongesq.com,
by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-c/foot-locker-inc?wire=1.
Vincent Wong, Esq. is an experienced
attorney that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
SOURCE: The Law
Offices of Vincent Wong
ReleaseID: 497659