LESL - INVESTIGATION ALERT: Kaskela Law LLC Announces Shareholder Investigation of Leslie's Inc. (NASDAQ: LESL) and Encourages Long-Term Investors to Contact the Firm | Benzinga

PHILADELPHIA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it has commenced an investigation into Leslie's, Inc. (NASDAQ:LESL) on behalf of the company's long-term investors.

Recently a securities fraud complaint was filed against Leslie's on behalf of certain investors who purchased shares of the company's stock between February 5, 2021 and July 13, 2023 (the "Class Period").

According to the complaint, "Leslie's became a publicly traded company on October 29, 2020. At the time, the pool maintenance industry was experiencing a boom brought about by the COVID-19 pandemic and increased consumer demand for at-home activities including swimming pools and spas. Soon thereafter, the market price of Trichlor—a chlorine-based chemical necessary for pool maintenance—skyrocketed as supply chain issues arising from the pandemic, as well as a fire at one of the leading chlorine producing plants in the United States in the summer of 2020, severely limited the availability of essential pool chemicals.

Undisclosed to investors, throughout the Class Period, Leslie's customers were purchasing more chemicals than necessary, at significantly inflated prices, to stockpile the pool chemicals in case of a ...

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