53 Days left to seek lead plaintiff status.

The complaint alleges that Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) Dick’s cleanup efforts concerning Foot Locker’s inventory were not complete, and, in fact, Foot Locker remained saddled with unproductive and stagnant legacy footwear; (2) Foot Locker heavily relied on legacy footwear products that were particularly vulnerable to intensifying promotional pressures across the athletic footwear industry; (3) in turn, Dick’s was significantly exposed to an industry-wide environment of excess inventory and resulting promotional activity; (4) accordingly, Dick’s was unable to achieve the sales growth, margins, and profits it touted to investors; and (5) as a result of the above, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times

Dick’s Sporting Goods Inc Common Stock (NYSE: DKS) Claim Form