ATLANTA, May 31, 2019 /PRNewswire/ -- A class action
lawsuit has been filed on behalf of investors of Floor & Decor
Holdings, Inc. (NYSE: FND). Shareholders who purchased at least
1,000 shares of FND stock between May 23,
2018 and August 1, 2018, and
are interested in learning about participating as a lead plaintiff
in the lawsuit, are encouraged to contact the Thornton Law Firm at
shareholder@tenlaw.com, or call 617-531-3917 to discuss their
rights.
Investors interested in serving as a lead plaintiff have until
July 19, 2019 to apply. The lawsuit
alleges violations of the federal securities laws, and the class
has not yet been certified. Until certification occurs, you are not
represented by an attorney. If you choose to take no action, you
can remain an absent class member.
According to the lawsuit, Floor & Decor made false and
misleading statements, and omissions, regarding its business and
prospects. It is alleged that statements in a Registration
Statement filed with the SEC regarding the current financial
condition of the Company were
materially false and misleading because, prior to the May 24 Secondary Offering, Defendants knew, but
failed to disclose, that the Company had already begun to
experience declining sales trends that would ultimately result in
the reduction of its fiscal 2018 sales and adjusted earnings per
share guidance, which had been increased as recently as
May 2018.
If you purchased at least 1,000 shares of Floor & Decor
stock (NYSE: FND) between May 23,
2018 and August 1, 2018, and
are interested in learning about serving as a lead plaintiff,
please contact the Thornton Law Firm's shareholder rights team at
shareholder@tenlaw.com, or call 617-531-3917. All communications
will be treated in a confidential manner.
Thornton Law Firm's securities attorneys specialize in
representing individual shareholders and institutional investors in
recovering damages caused by corporate wrongdoing or fraud. Its
attorneys have decades of experience litigating securities cases in
courts throughout the country and have a proven track record of
recovering losses on behalf of shareholders.
This press release may be considered Attorney Advertising in
some jurisdictions. Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Thornton Law Firm LLP