Ollie's Bargain Outlet Holdings, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Ollie's Bargain Outlet Holdings, Inc.
Date Filed:September 17th, 2019
Sector:Consumer Services
Industry:Department/Specialty Retail Stores

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.

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First Identified Complaint

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

Date Filed:September 17th, 2019
Class Period Start:June 6th, 2019
Class Period End:August 28th, 2019
First Identified Complaint Filings
#Document TitleFiling Date