NEW
YORK, Dec. 9, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of The Gap, Inc. (NYSE:
GPS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/the-gap-inc-loss-submission-form/?id=34411&from=4
The lawsuit seeks to recover losses for shareholders who
purchased The Gap between November 24,
2021 and July 11, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
February 3, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, The Gap, Inc. issued materially
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, the Company's size-inclusivity
campaign, 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
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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law