NEW YORK, February 3, 2023 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of The Gap, Inc. (NYSE: GPS) securities between November 24, 2021 and July 11, 2022both dates included (the “Class Period”), of the material February 3, 2023 lead applicant deadline in the securities class action brought by the Firm.
SO WHAT: If you purchased Gap securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Gap class action, go to https://rosenlegal.com/submit-form/?case_id=6662 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than February 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there were execution errors in terms of size and assortment at Old Navy related to BODEQUALITY which negatively impacted Old Navy margins and financial results; (2) contrary to the Company’s assertions, there were inventory risks that actually existed on BODEQUALITY that adversely affected the Company’s operations; and therefore (3) the Company’s statements during the Class Period regarding historical financial and operating measures and alleged market opportunities did not accurately reflect actual business, operations and financial results and the trajectory of the Society, and were materially false and misleading, and lacked a factual basis. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Gap class action, go to https://rosenlegal.com/submit-form/?case_id=6662 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Contact details:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40e Stage
New YorkNY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania
