DEADLINE MONDAY: The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Advance Auto Parts, Inc. Shareholders and a Lead Plaintiff Deadline of April 9, 2018 (AAP)
NEW YORK, NY / ACCESSWIRE / April 5, 2018 / The Klein Law Firm announces that a class action
complaint has been filed on behalf of shareholders of Advance Auto Parts, Inc.
(NYSE: AAP) who purchased shares between November 14, 2016 and August
15, 2017. The action, which was filed in the United States District
Court for the District of Delaware, alleges that the Company violated federal
securities laws.
In particular, the complaint alleges
that, throughout the Class Period, defendants made materially false and/or
misleading statements and/or failed to disclose that (i) integration issues
surrounding the Company’s Carquest acquisition resulted in systemic
inefficiencies and cannibalization of sales; (ii) increased competition was
negatively impacting sales; and (iii) as a result, Defendants’ statements about
Advanced Auto Parts’ business, operations, and prospects were materially false
and misleading and/or lacked a reasonable basis at all relevant
times.
Shareholders have until
April 9, 2018 to petition the court for lead
plaintiff status. Your ability to share in any recovery does not require that
you serve as lead plaintiff. You may choose to be an absent class
member.
If you suffered a loss during the Class
Period and wish to obtain additional information, please contact Joseph Klein,
Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/advance-auto-parts-inc?wire=1.
Joseph Klein, Esq. represents investors
and participates in securities litigations involving financial fraud throughout
the nation. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
SOURCE:
The Klein Law Firm
ReleaseID: 495291