DG - DOLLAR GENERAL DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Dollar General Corporation and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Dollar General Corporation ("Dollar General" or the "Company") (NYSE:DG) in the United States District Court for the Middle District of Tennessee on behalf of all persons and entities who purchased or otherwise acquired Dollar General common stock between May 28, 2020 and August 31, 2023, both dates inclusive (the "Class Period"). Investors have until January 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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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from logistical and inventory management problems which left stores with tens of millions of dollars' worth of outdated and unwanted inventory, mispriced goods, and lost and damaged items; (ii) large backlogs of unsellable merchandise had built up at Dollar General's stores,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 ...