LOS ANGELES, CA / ACCESSWIRE / September 12, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Leslie's, Inc. ("Leslie's" or "the Company") (NASDAQ:LESL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 5, 2021 and July 13, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before November 7, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Leslie's sales growth was caused by customers placing excessive orders for products. The Company's inflated earnings and revenue were not caused by sustainable demand or real growth. The Company attempted to prolong inflated demand by telling customers it couldn't "guarantee availability" of its products in the future. Sales slowdowns suffered by the Company were caused by this prior excess stockpiling. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Leslie's, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm