GO Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Grocery Outlet Holding Corp. (GO)

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][5]. Group 1: Allegations and Impact - The lawsuit claims that during the earnings call on November 7, 2023, Grocery Outlet's management misled investors about the reliability of information regarding the Systems Transition and downplayed potential financial risks [3][4]. - On May 7, 2024, the company 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 [5]. Group 2: Legal Process - Investors affected by Grocery Outlet's stock performance can seek to be appointed as lead plaintiffs by March 31, 2025, through Kessler Topaz Meltzer & Check, LLP, or may choose to remain absent class members [6]. - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [6]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering significant amounts for victims of corporate misconduct [7].