Recent Security Class Actions

Gap Inc. (The) Common Stock (NYSE: GPS)

Company Name:Gap Inc. (The) Common Stock
Stock Symbol:NYSE: GPS
Class Period Start:11/24/2021
Class Period End (inclusive):07/11/2022
Filing Deadline:02/03/2023

The Complaint alleges Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were execution missteps in size and assortment at Old Navy related to BODEQUALITY which were adversely impacting Old Navy’s margins and financial results; (2) contrary to the Company’s statements, there were inventory risks relating to BODEQUALITY that were actually existing that were adversely affecting the Company’s operations; and as a result (3) the Company’s statements during the Class Period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading, and lacked a factual basis.