A lawsuit was filed on behalf of investors in Floor & Decor Holdings, Inc. (NYSE: FND) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 06/03/2019 -- An investor, who purchased shares of Floor & Decor Holdings, Inc. (NYSE: FND), filed a lawsuit over alleged violations of Federal Securities Laws by Floor & Decor Holdings, Inc..
Investors who purchased shares of Floor & Decor Holdings, Inc. (NYSE: FND) have certain options and for certain investors are short and strict deadlines running. Deadline: July 19, 2019. NYSE: FND investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Floor & Decor Holdings, Inc. (NYSE: FND) common shares between May 23, 2018 and August 1, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 23, 2018 and August 1, 2018, the defendants made false and misleading statements and/or failed to disclose adverse information regarding Floor & Decor's business and prospects. Specifically, each of the statements in the Registration Statement filed with the SEC regarding the current financial condition of the Company was materially false and misleading because, prior to the May 24 Secondary Offering, defendants knew, but failed to disclose, that the Company had already begun to experience declining sales trends that would ultimately result in the reduction of its fiscal 2018 sales and adjusted earnings per share guidance, which had been increased as recently as May 2018. As a result of this adverse information being withheld from the market, the price of the Company's stock was artificially inflated during the Class Period, allowing Company insiders to sell more than 10.3 million shares of Floor & Decor common stock, including the shares sold in the May 24 Secondary Offering, for proceeds of more than $466 million.
Those who purchased shares of Floor & Decor Holdings, Inc. (NYSE: FND) have certain options and should contact the Shareholders Foundation.
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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.
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