Bronstein, Goertz & Grossman LLC

Bronstein, Goertz & Grossman LLC

NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) — Lawyer Announcement – Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lovesac (“Lovesac” or the “Company”). ) (NASDAQ: LOVE) and certain of its officers.

Category definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Lovesac securities between March 30, 2023 and August 16, 2023, inclusive (the “Class Period”). These investors are encouraged to join this case by visiting the company’s website: bgandg.com/love.

Case details:
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Lovesac did not properly account for last-mile freight and shipping expenses; (2) accordingly, Lovesac’s disclosure controls and procedures and internal control over financial reporting were ineffective and deficient; (3) as a result of all of the foregoing, Lovesac overstated its gross earnings, net operating income, and net income and understated its freight and handling costs and accumulated freight and shipping expenses in its previously issued financial statements; (4) accordingly, Lovesac was likely to restate one or more of its previously issued financial statements; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.

What then?
A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website: bgandg.com/love or you can contact Peretz Bronstein, Esq. Or our law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffer a loss in Lovesac, you have until February 20, 2024 to ask the court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you serve as lead plaintiff.

There is no cost to you
We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Goertz and Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud and shareholder derivative litigation. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertisement. Previous results do not guarantee similar results.

communication:
Bronstein, Goertz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

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