Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Grocery Outlet Holding Corp.

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, with a lead plaintiff deadline set for March 31, 2025 [1][6]. Group 1: Allegations and Impact - The lawsuit claims that during the Class Period, Grocery Outlet misled investors regarding the reliability of information about its ongoing Systems Transition, which began in August 2023 [3][4]. - On May 7, 2024, Grocery Outlet reported first quarter fiscal year 2024 results that revealed a larger-than-expected negative impact from the Systems Transition, leading to a significant stock price drop from $25.90 to$20.88, a decline of approximately 19.38% in one day [5]. Group 2: Legal Process and Representation - Investors affected by Grocery Outlet's stock performance can seek to be appointed as lead plaintiffs by March 31, 2025, or remain absent class members [6]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [6].