GO Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Grocery Outlet Holding Corp. (GO) Shareholders of Deadline in Securities Fraud Class Action Lawsuit

Core Viewpoint - A securities class action lawsuit has been filed against Grocery Outlet Holding Corp. for alleged misconduct during the Class Period from November 7, 2023, to May 7, 2024, following significant stock price declines due to undisclosed issues related to a systems transition [1][4]. Group 1: Allegations and Impact - The lawsuit claims that Grocery Outlet's management misled investors regarding the reliability of information about the completion of a systems transition that began in August 2023, which was expected to be completed by the end of the year [2][3]. - On May 7, 2024, Grocery Outlet reported first-quarter results that revealed a larger-than-expected negative impact from the systems transition, leading to a stock price drop from $25.90 to$20.88, a decline of approximately 19.38% in one day [4]. Group 2: Legal Process - Investors in Grocery Outlet have until March 31, 2025, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [5]. - The lead plaintiff will select legal counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [5]. Group 3: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [6].