An investigation on behalf of current long term investors in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/13/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Ollie's Bargain Outlet Holdings, Inc.
Investors who are current long term investors in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: OLLI stocks follows a lawsuit filed against Ollie's Bargain Outlet Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: OLLI stocks, concerns whether certain Ollie's Bargain Outlet Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that the Company suffered a supply chain issue that impacted the initial inventory available at new stores, that, as a result, the Company lacked sufficient inventory to meet demand at certain store locations, that, as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) have certain options and should contact the Shareholders Foundation.
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