Shuman Glenn & Stecker Investigates Advance Auto Parts, Inc.
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-irhome
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Source: Business Wire
DENVER--(BUSINESS WIRE)--Shuman Glenn & Stecker announces that it is investigating potential shareholder claims against certain officers and directors of Advance Auto Parts, Inc. (“Advance Auto Parts” or the “Company”) (NYSE: AAP). Advance Auto Parts sells automotive replacement parts and accessories online and in stores across North America.The Firm’s investigation relates to allegations in a class action lawsuit filed against the Company and certain of its senior officers in the U.S. District Court for the District of Delaware. The lawsuit alleges that the Company’s Securities and Exchange Commission filings were false and/or misleading and/or failed to disclose that (i) integration issues surrounding the Company’s acquisition of Carquest resulted in systemic inefficiencies and cannibalization of sales; and (ii) increased competition was negatively impacting sales. The Company’s senior officers also made positive statements in press releases and earnings calls beginning in 2016
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News
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Los Angeles Times (CA)]Los Angeles Times
- More layoffs hit freight-related companies across US [Yahoo! Finance]Yahoo! Finance
- Bay Area stores among Advance Auto Parts closures: WARN notices [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts issues 'employee separations,' distribution center to close March 2025 [Yahoo! Finance]Yahoo! Finance
AAP
Earnings
- 11/14/24 - Miss
AAP
Sec Filings
- 11/26/24 - Form 4
- 11/25/24 - Form 4
- 11/21/24 - Form 4
- AAP's page on the SEC website