ATLANTA, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against The Lovesac Company ("Lovesac" or the "Company") (NASDAQ:LOVE). The lawsuit alleges that Defendants made materially false and misleading statements regarding the Lovesac's business, operations, and compliance policies. Specifically, the lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) Lovesac did not properly account for last mile shipping and freight expenses; (2) accordingly, Lovesac's disclosure controls and procedures and internal control over financial reporting were ineffective and deficient; (3) as a result of all the foregoing, Lovesac overstated its gross profit ...
LOVE) on Behalf of Investors – Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm>Full story available on Benzinga.com