Ollie's Bargain Outlet Holdings, Inc. Securities Litigation

If you purchased a significant amount of shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI), you have certain options. Investors should register for updates.


Lawsuit Overview

Defendant:Ollie's Bargain Outlet Holdings, Inc.
Date Filed:September 17th, 2019
Sector:Consumer Services
Industry:Department/Specialty Retail Stores
Class Start Date:March 26th, 2019
Class End Date:August 28th, 2019

According to the Complaint, Ollie's is an extreme value retailer that offers brand name merchandise at
dramatically reduced prices.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company suffered a supply chain issue that impacted the initial inventory available at new stores; (2) that, as a result, the Company lacked sufficient inventory to meet demand at certain store locations; (3) that, as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter; and (4) 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.

Sign up for free to create a personalized portfolio with tracking and e-mail alerts for Ollie's Bargain Outlet Holdings, Inc.

First Identified Complaint

Robert Stirling, et al. v. Ollie's Bargain Outlet Holdings, Inc., et al.

Date Filed:September 17th, 2019
Class Period Start:March 26th, 2019
Class Period End:August 28th, 2019
First Identified Complaint Filings
#Document TitleFiling Date