San Diego, CA -- (SBWire) -- 03/20/2023 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of The Gap, Inc..
Investors who are current long term investors in The Gap, Inc. (NYSE: GPS) 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 NYSE: GPS stocks follows a lawsuit filed against The Gap, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GPS stocks, concerns whether certain The Gap, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) there were execution missteps in size and assortment at Old Navy related to BODEQUALITY which were adversely impacting Old Navy's margins and financial results; (2) contrary to the Company's statements, there were inventory risks relating to BODEQUALITY that were actually existing that were adversely affecting the Company's operations; and as a result (3) the Company's statements during the Class Period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading, and lacked a factual basis
Those who purchased shares of The Gap, Inc. (NYSE: GPS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About:
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.
The Gap, Inc. (NYSE: GPS) Long Term Investor Alert: Investigation of Potential Wrongdoing
An investigation on behalf of current long term investors in The Gap, Inc. (NYSE: GPS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.