Energy News / Shareholders Foundation, Inc.

NASDAQ: OLLI Shareholder Notice: Investigation of Potential Wrongdoing at Ollie's Bargain Outlet Holdings, Inc.

Via: ReleaseWire

Updated 10:33 AM CST, Thu, February 13,2020

An investigation on behalf of current long term investors in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 02/13/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Ollie's Bargain Outlet Holdings, Inc.

Investors who are current long term investors in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: OLLI stocks follows a lawsuit filed against Ollie's Bargain Outlet Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OLLI stocks, concerns whether certain Ollie's Bargain Outlet Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants failed to disclose to investors that the Company suffered a supply chain issue that impacted the initial inventory available at new stores, that, as a result, the Company lacked sufficient inventory to meet demand at certain store locations, that, as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-olli-shareholder-notice-investigation-of-potential-wrongdoing-at-ollies-bargain-outlet-holdings-inc-1276154.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com