LOVE - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Lovesac Golden Heaven Inspire Medical and Driven and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Lovesac Company (NASDAQ:LOVE), Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG), Inspire Medical Systems, Inc. (NYSE:INSP), and Driven Brands Holdings, Inc. (NASDAQ:DRVN). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Lovesac Company (NASDAQ:LOVE)
Class Period: March 30, 2023 - August 16, 2023
Lead Plaintiff Deadline: February 20, 2024
According to the filed complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Lovesac did not properly account for last mile shipping and freight expenses; (ii) accordingly, Lovesac's disclosure controls and procedures and internal control over financial reporting were ineffective and deficient; (iii) as a result of all the foregoing, Lovesac overstated its gross profit and operating and net income, as well as understated its shipping and handling costs and accrued freight and shipping expenses, in its previously issued financial statements; (iv) accordingly, Lovesac was likely to restate one or more of its previously issued financial statements; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
For more information on the Lovesac class action go to: https://bespc.com/cases/LOVE
Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG)
Class Period: April 13, 2023 - December 8, 2023
Lead Plaintiff Deadline: February 20, 2024
According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Golden Heaven's amusement parks are in generally poor condition; (2) Golden Heaven materially overstated the number of visitors to its amusement parks and overall growth prospects, and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
For more information on the Golden Heaven class action go to: https://bespc.com/cases/GDHG
Inspire Medical Systems, Inc. (NYSE:INSP)
Class Period: May 3, 2023 - November 7, 2023 (Common Stock Only)
Lead Plaintiff Deadline: February 20, 2024
Inspire Medical is a medical technology company that develops and commercializes minimally invasive products for patients with obstructive sleep apnea ("OSA") that require prior authorizations from doctors. In 2022, Inspire Medical introduced a pilot program (the "Acceleration Program") through which ...