Gap Class Action Lawsuit GPS | Deadline February 3, 2023
Announcement! On behalf of all investors who bought or otherwise acquired Gap Inc. common stock between November 24, 2021, and July 11, 2022, have an opportunity to join the GPS lawsuit (Gap Incorporated Class Action Lawsuit).
According to the Gap lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(i) Old Navy made execution mistakes in terms of size and assortment in relation to BODEQUALITY, the company’s drive for size inclusivity, which had a negative effect on Old Navy’s margins and financial outcomes;
(ii) Contrary to what the company had claimed, inventory concerns related to BODEQUALITY were having a negative impact on the company’s operations. As a result
(iii) The company made statements during the class period about historical financial and operational metrics, as well as alleged market opportunities, that were materially false, deceptive, and devoid of any basis in fact. These statements did not accurately reflect the company’s actual business, operations, and financial results, and trajectory.
If you suffered a loss in GPS Lawsuit, you have until February 3, 2023, to request that the Court appoint you as the lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Gap Class Action Lawsuit (GPS Lawsuit)
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