Dick’s Faces Derivative Shareholder Action
The complaint was filed in PA district court by the Plumbers and Pipefitters Local Union No. 719 Pension Trust Fund on behalf of shareholders, accusing DKS, Edward Stack (executive chairman), Navdeep Gupta (CFO) and Lauren Hobart (president and CEO) of making misleading statements that artificially inflated the company’s stock. Defendants allegedly misrepresented DKS’ inventory, margins and prospects, when ... Log in to view full article.
