LESL - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Leslie's Inc. (LESL) | Benzinga

NEW YORK, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of all persons or entities who purchased or otherwise acquired Leslie's Inc. ("Leslie's" or the "Company") (NASDAQ:LESL) securities between February 5, 2021 and July 13, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

The Complaint alleges Defendants failed to disclose to investors that: (i) the Company's growth was caused by customers over purchasing products to stockpile in case of a chemical shortage; (ii) such sales inflated revenues and earnings and ...

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