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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 18, 2019 to file lead plaintiff applications in a securities class action lawsuit against Ollie’s Bargain Outlet Holdings, Inc. (NasdaqGM: OLLI).
Ollie’s and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 28, 2019, the Company disclosed a 1.7% decline in store sales for 2Q 2019 as well as the existence of a supply chain “bottleneck issue” that occurred “for most all of Q2” that was not corrected until “the last week of the quarter.”
On this news, the price of Ollie’s shares plummeted.
If you purchased securities of Ollie’s and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Stirling v. Ollie’s Bargain Outlet Holdings, Inc. et al., 1:19-cv-08647. Click here to read the case complaint.