SAN DIEGO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired The Lovesac Company (NASDAQ:LOVE) securities between March 30, 2023 and August 16, 2023. Lovesac designs, manufactures, and sells furniture, marketing its products primarily through the lovesac.com website, as well as through showrooms at top-tier malls, lifestyle centers, mobile concierges, kiosks, street locations, and in store pop-up-shops and shop-in-shops.
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What is this Case About: The Lovesac Company (LOVE) Misled Investors Regarding its Internal Control Over Financial Reporting
According to the complaint, during the class period, defendants failed to disclose that Lovesac did not properly account for last mile shipping and freight expenses. As a result, (i) Lovesac's ...