The Gap Lawsuit (GPS Lawsuit)
A GPS class action lawsuit (The Gap Class Action Lawsuit) has been filed on behalf of investors who purchased The Gap Class Action Lawsuit (GPS) securities between November 24, 2021 – July 11, 2022, inclusive. For more on the GPS Lawsuit please contact us today.
According to the The Gap lawsuit, throughout the Class Period 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.
If you suffered a loss in GPS, you have until February 3, 2023 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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