BOSTON, Feb. 23, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Fox Factory Holding Corp. (NASDAQ:FOXF) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/foxf.
What is this all about?
The lawsuit alleges that Fox Factory issued a series of misleading statements concerning demand for its products and inventory levels. On November 2, 2023, Fox Factory reduced its projected sales guidance citing inventory destocking in its specialty sports group segment. Shares of Fox Factory stock dropped ...