Energy News / Shareholders Foundation, Inc.

NYSE:AAP Shareholder Notice: Lawsuit Alleges Misleading Statements by Advance Auto Parts, Inc

Via: ReleaseWire

Updated 11:45 AM CST, Thu, February 22,2018

A lawsuit was filed on behalf of investors in Advance Auto Parts, Inc. (NYSE:AAP) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 02/22/2018 -- The Shareholders Foundation announces that an investor, who purchased shares of Advance Auto Parts, Inc. (NYSE:AAP), filed a lawsuit over alleged Securities Laws violations by Advance Auto Parts, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Advance Auto Parts, Inc. (NYSE:AAP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 9, 2018. NYSE:AAP investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff claims that between November 14, 2016 and August 15, 2017, the defendants made materially false and/or misleading statements and/or failed to disclose that integration issues surrounding Advance Auto's Carquest acquisition resulted in systemic inefficiencies and cannibalization of sales, that increased competition was negatively impacting sales, and that as a result, defendants' statements about Advance Auto's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On August 15, 2017, Advance Auto Parts, Inc reported its second quarter fiscal 2017 financial and operational results and disclosed that "[c]omparable store sales for the quarter were flat." Additionally, Advance Auto reduced its financial and operational guidance for fiscal 2017. Shares of Advance Auto Parts, Inc. (NYSE:AAP) declined from $174.79 per share in January 2017 to as low as $79.38 per share in November 2017.

Those who purchased shares of Advance Auto Parts, Inc. (NYSE:AAP) have certain options and should contact the Shareholders Foundation.

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

For more information on this press release visit:

Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels