The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Middle District of Tennessee on behalf of investors who purchased Dollar General Corporation (NYSE: DG) securities between March 10, 2016 and November 30, 2016.
According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that the announced limitations on SNAP benefits would have a material impact on its financial performance since 56% of Dollar General’s stores are located in states that re-implemented time limitations on SNAP benefits in 2016, and therefore the impact of SNAP reductions would be disproportionate to the percentage of the Company’s overall sales comprised of SNAP payments. These statements were significant to shareholders because they were made in response to concerns by analysts that SNAP benefits would be reduced in several states – which could impact Dollar General’s sales to the extent its business operations were exposed to SNAP changes.
If you suffered a loss in Dollar General you have until March 20, 2017 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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