SAN DIEGO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Daktronics, Inc. (NASDAQ: DAKT).
Investors who purchased shares of Daktronics, Inc. (NASDAQ: DAKT) prior to March 2022 and continue to hold any of those NASDAQ: DAKT shares have also certain options and contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On December 21, 2022, a lawsuit was filed against Daktronics, Inc. over alleged violations of securities laws. The plaintiff alleged that the defendants failed to disclose to investors that the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics’ ability to fund inventory levels and operations, that, as a result, it was probable that some portion of the Company’s deferred tax assets would not be realized, that as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets, that there were material weaknesses in the Company’s internal controls over financial reporting related to income taxes, that the foregoing presented liquidity concerns and there was substantial doubt as to the Company’s ability to continue as a going concern, and that as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
Those who purchased Daktronics, Inc. (NASDAQ: DAKT) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
