Recent Security Class Actions

Leslie’s Inc. Common Stock (NASDAQ: LESL)

Company Name:Leslie's Inc. Common Stock
Stock Symbol:NASDAQ: LESL
Class Period Start:02/03/2022
Class Period End (inclusive):07/13/2023
Filing Deadline:11/07/2023

The Complaint alleges that, during the Class Period, Defendants misled investors and/or failed to disclose that (1) the Company’s growth was caused by customers over purchasing products; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) the Company prolonged the inflated customer demand by warning customers that Leslie’s could not “guarantee availability” of chemicals in the future; and (4) any slowdown in sales was not a normalization of past seasonality, but was due to the prior excess stockpiling. As a result, the Complaint alleges Defendants’ positive statements about the Company’s financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.