NEW YORK, Feb. 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Lovesac Company (NASDAQ:LOVE), Maison Solutions Inc. (NASDAQ:MSS), Dada Nexus Ltd. ADR (NASDAQ:DADA), and Future FinTech Group Inc. (NASDAQ:FTFT). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Lovesac Company (NASDAQ:LOVE)
Class Period: March 30, 2023 - August 16, 2023
Lead Plaintiff Deadline: February 20, 2024
According to the filed complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Lovesac did not properly account for last mile shipping and freight expenses; (ii) accordingly, Lovesac's disclosure controls and procedures and internal control over financial reporting were ineffective and deficient; (iii) as a result of all the foregoing, Lovesac overstated its gross profit and operating and net income, as well as understated its shipping and handling costs and accrued freight and shipping expenses, in its previously issued financial statements; (iv) accordingly, Lovesac was likely to restate one or more of its previously issued financial statements; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
For more information on the Lovesac class action go to: https://bespc.com/cases/LOVE
Maison Solutions Inc. (NASDAQ:MSS)
Class Period: (a) Class A common stock ...