RADNOR, Pa., Sept. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Eastern District of Pennsylvania against Five Below, Inc. (“Five Below”) (NASDAQ: FIVE) on behalf of investors who purchased or otherwise acquired Five Below securities between December 1, 2022 and July 16, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is September 30, 2024.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you suffered Five Below losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/five-below-inc?utm_source=PR&utm_medium=link&utm_campaign=five&mktm=r
Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/GQ5v9Ccn3Jk
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
DEFENDANTS’ ALLEGED MISCONDUCT:
The complaints allege that, throughout the Class Period, Defendants made numerous materially false and misleading statements and omissions concerning Five Below’s ability to identify and capitalize on trending products and the company’s overall growth plan. Specifically, Defendants repeatedly attributed Five Below’s disappointing financial results to elevated levels of “shrink”—an increase in inventory that is lost, stolen, or otherwise unaccounted for—and other macroeconomic factors, while assuring investors that Five Below’s growth and sales remained intact. As a result of these misrepresentations, Five Below common stock traded at artificially inflated prices throughout the Class Period.
THE LEAD PLAINTIFF PROCESS:
Five Below investors may, no later than September 30, 2024, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Five Below investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/five-below-inc?utm_source=PR&utm_medium=link&utm_campaign=five&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
