Gap Deadline Approaching

Kessler Topaz Meltzer & Check, LLP Reminds Investors of The Gap, Inc. of Deadline in Securities Fraud Class Action Lawsuit - Seite 2

Thereafter, on May 27, 2022, Gap admitted that execution missteps in size and assortment of inventory at Old Navy adversely impacted Gap’s financial results. Following this news, the price of Gap stock fell nearly 5%.

Finally, on July 11, 2022, Gap announced that its President and CEO, Sonia Syngal, was stepping down from her position as President and CEO of Gap and had resigned from the Board of Directors. Following this news, the price of Gap stock fell an additional 5%.

WHAT CAN I DO?

Gap investors may, no later than February 3, 2023, move the Court to serve as lead plaintiff for the class, through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Gap investors who have suffered significant losses to contact the firm directly to acquire more information. The class action complaint against Gap, captioned Diaz v. The Gap, Inc. et al., Case No. 1:22-cv-07371, is filed in the United States District Court for the Eastern District of New York before the Honorable Diane Gujarati.

CLICK HERE TO SIGN UP FOR THE CASE

WHO CAN BE A LEAD PLAINTIFF?

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.