WASHINGTON, D.C. — U.S. Market Advisors Law Group PLLC announces that a class action lawsuit has been filed against Dollar General Corporation (NYSE:DG). The class action is filed in United States District Court for the Middle District of Tennessee on behalf of all persons who purchased or otherwise acquired Dollar General’s securities between March 10, 2016 and November 30, 2016 (“Class Period”).
Dollar General and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On August 25, 2016, Dollar General announced disappointing second quarter 2016 financial and operational results caused by “a reduction in both SNAP participation rates and benefit levels.”
Then, on December 1, 2016, Dollar General announced third quarter 2016 financial and operational results that included a reduction in same-store sales. The Company cited reductions in SNAP benefits as a major contributor of the disappointing results, and admitted that the benefit reductions “affect [ ] about 56% of our store base.”
On this news, the price of Dollar General’s shares plummeted.
If you suffered a loss from Dollar General investments you have until March 20, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff. Concerned shareholders who would like more information about their rights and potential remedies should contact U.S. Market Advisors Law Group PLLC.
U.S. Market Advisors Law Group PLLC is a law firm based in Washington, D.C. The firm represents investors worldwide in U.S. securities class action lawsuits.
David P. Abel
Attorney Advertising. Past results do not guarantee a similar outcome.