The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased Advance Auto Parts, Inc. (NYSE: AAP) securities between November 14, 2016 and August 15, 2017.
According to the AAP lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) integration issues surrounding the Company's Carquest acquisition resulted in systemic inefficiencies and cannibalization of sales; (ii) increased competition was negatively impacting sales; and (iii) as a result, Defendantsâ€™ statements about Advanced Auto Parts' business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in Advance Auto Parts, Inc. you have until April 9, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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