NEW YORK, June 21, 2019 /PRNewswire/ -- Bernstein Liebhard
LLP, a nationally acclaimed investor rights law firm, announces
that a securities class action lawsuit has been filed on behalf of
those who acquired Floor & Decor Holdings Inc.,
shares ("Floor & Decor," "FND" or the "Company") (NYSE:
FND) between May 23, 2018 and
August 1, 2018, inclusive (the "Class
Period"). The lawsuit was filed in the United States District Court for the
Northern District of Georgia to
recover damages for Floor & Decor investors under the
Securities Exchange Act of 1934.
If you purchased Floor & Decor securities, and/or would
like to discuss your legal rights and options please visit
Floor & Decor FND Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, throughout the Class Period,
Defendants failed to disclose adverse information regarding Floor
& Decor's business and prospects. Specifically, 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.
On August 2, 2018, before the
market opened, Floor & Decor announced its financial results
for the second quarter of 2018. The second quarter results were in
sharp contrast to the assurances made on May
3, 2018 about the strength of the Company's business and its
continuing growth trajectory for the remainder of 2018. As a result
of these disclosures and the significant reduction in the Company's
fiscal year 2018 sales and earnings per share guidance, Floor &
Decor's stock price declined more than 21%, from a close of
$47.71 per share on August 1, 2018 to a close of $37.50 per share on August
3, 2018.
If you purchased FND securities, and/or would like to discuss
your legal rights and options please visit
https://www.bernlieb.com/cases/flooranddecorinc-fnd-lawsuit-class-action-fraud-stock-146/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff in the class action, you
must move the court no later than July 19,
2019. A lead plaintiff is a representative party acting on
behalf of other class members in directing the litigation. Your
ability to share in any recovery doesn't require that you serve as
lead plaintiff. If you take no action, you may remain an absent
class member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP