Ollie’s Bargain Outlet Holdings, Inc.


Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ollie’s Bargain Outlet Holdings, Inc. ("Ollie’s" or the "Company")(NASDAQ:OLLI) of the November 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Ollie’s stock or options between June 6, 2019 and August 28, 2019 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York  on behalf of all those who purchased Ollie’s securities between June 6, 2019 and August 28, 2019 (the "Class Period"). The case, Stirling v. Ollie’s Bargain Outlet Holdings, Inc., No. 19-cv-08647 was filed on September 17, 2019, and has been assigned to Judge J. Paul Oetken.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to build and maintain an effective supply chain system, impacting the availability of inventory for new stores.

On August 28, 2019, Ollie’s reported that comparable store sales decreased 1.7% during second quarter 2019. In addition, Ollie’s disclosed that a "bottleneck issue" had existed in its supply chain "for most all of Q2" and was not corrected until "the last week of the quarter."

On this news, Ollie’s's share price fell from $77.77 per share on August 28, 2019 to a closing price of $56.36 on August 29, 019: a $21.41 or a 27.53% drop.

 

Contact us

Ollie’s Bargain Outlet Holdings, Inc.

Loading captcha, please wait...

* The submission of this form does not create an attorney-client relationship.

Details

Filed on 09/20/2019

Ticker NASDAQ:OLLI

Lead Plaintiff Deadline 11/18/2019

4 days remaining

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

Richard W. Gonnello rgonnello@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Finding us

Our Offices


Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

California

10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Delaware

3828 Kennett Pike Suite 201
Wilmington, Delaware 19807
(302) 482-3182
(302) 482-3612

Georgia

3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Wilmington, Delaware

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania