AAP - Long-Term Investors in Advance Auto Parts Inc. (NYSE: AAP) Should Contact the Shareholders Foundation in Connection with Pending Lawsuit against Certain Directors of Advance Auto Parts Inc.

SAN DIEGO, CA / ACCESSWIRE / January 30, 2024 / The Shareholders Foundation, Inc. announced that a lawsuit was filed by two investors in Advance Auto Parts, Inc. (NYSE:AAP) shares against certain directors of Advance Auto Parts, Inc.

Investors, who purchased Advance Auto Parts, Inc. (NYSE: AAP) shares prior to November 2022 and continue to hold any of those NYSE: AAP shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 17, 2024, a lawsuit was filed by two investors in Advance Auto Parts, Inc. (NYSE: AAP) shares against certain directors of Advance Auto Parts, Inc. over alleged breaches of fiduciary duties. The plaintiff alleged that the defendants made false and/or materially misleading statements that misrepresented the efficacy of Advance Auto Parts' strategic pricing initiative and the impact of price reductions, that omitted and/or concealed the negative impacts of the pricing initiative, that provided investors with an overly optimistic perception of AAP's operations, and that created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company's margins.

Those who purchased Advance Auto Parts, Inc. (NYSE: AAP) shares prior to November 2022 and continue to hold any of those NYSE: AAP shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.