Recent Security Class Actions

Advance Auto Parts Inc. (NYSE: AAP)

Company Name:Advance Auto Parts Inc.
Stock Symbol:NYSE: AAP
Class Period Start:11/15/2022
Class Period End (inclusive):11/20/2023
Filing Deadline:12/08/2023

The Complaint alleges that Defendants made false and/or materially misleading statements that: 1) misrepresented the efficacy of AAP's strategic pricing initiative and the impact of price reductions; 2) omitted and/or concealed the negative impacts of the pricing initiative; 3) provided investors with an overly optimistic perception of AAP's operations; and 4) created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company's margins.