NEW YORK, November 30, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, is continuing its investigation into potential securities claims on behalf of shareholders of The Gap, Inc. (NYSE: GPS) arising from allegations that Gap , Inc. could have provided misleading business information to the investing public.
SO WHAT: If you have purchased Gap, Inc. securities, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement. The law firm Rosen is preparing a class action lawsuit seeking to recover the losses of the investors.
WHAT TO DO NEXT: To join the potential 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] Where [email protected] for more information on the class action.
WHAT DOES IT TALK ABOUT: On May 20, 2022during trading hours, The the wall street journal published an article titled “Old Navy Made Clothing Sizes for Everyone. It Backfired. The clothing brand’s push for inclusivity has left it with a shortage of average sizes. more inclusive clothing for women of all body shapes This ended up with too many extra-small and extra-large items and too little of the rest, a mismatch that frustrated customers and contributed to plummeting sales and to a management shake-up. Additionally, the article stated that “Gap warned that sales for the spring quarter will be below expectations, in part due to issues at Old Navy.[,]” but this “[t]he extended sizes were the culprit, according to current and former employees. Finally, the article stated that “Old Navy’s stumbles do not bode well for Gap Inc. In 2021, Old Navy accounted for 54% of company sales and about 80% of profits.[.]”
On this news, Gap Inc. stock fell 5% to close at $10.33 per share on May 23, 2022the next full trading day.
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. 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.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 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
