Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Grocery Outlet Holding Corp. (“Grocery Outlet”) (NASDAQ: GO) common stock between August 9, 2023 and May 7, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants created a false impression that they possessed reliable information pertaining to the extent of the problems from implementing Grocery Outlet’s Systems Transition and any potential negative impact resulting therefrom, while also minimizing the risks associated with potential and perceived setbacks to the company’s finances as a result of implementation errors and other issues surrounding the Systems Transition.
Current Status of Case:
On October 21, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion is currently being briefed by the parties. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.