DG - DOLLAR GENERAL ALERT: Bragar Eagel & Squire P.C. is Investigating Dollar General Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Dollar General Corporation (NYSE:DG) on behalf of long-term stockholders following a class action complaint that was filed against Dollar General on November 27, 2023 with a Class Period from May 28, 2020 to August 31, 2023. Our investigation concerns whether the board of directors of Dollar General have breached their fiduciary duties to the company.
The Dollar General class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Dollar General stores were chronically understaffed and suffering from logistical and inventory management problems which left stores with tens of millions of dollars' worth of outdated and unwanted inventory, mispriced goods, and lost and damaged items; (ii) large backlogs of unsellable merchandise had built up at Dollar General's stores, which inventory had not been timely written down due to understaffing and Dollar General's failure to manage its inventory; (iii) the allotment of employee hours per store per week imposed by Dollar General management placed employees in virtually impossible situations where assigned tasks, including those necessary to effective store operations, could not be completed within the ...