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GPS.US
id: 489, Created by Stan Vick Chase, Scout
Joshua Diaz, et al. v. The Gap, Inc., et al.
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On July 11, 2022, Gap Inc (GPS) announced that Syngal was stepping down from her position as President and CEO of the Company, and resigned from the Board of Directors.
On this news, Gap’s stock price fell 5% on July 12, 2022, damaging investors.
- Earlier, On May 27, 2022, the Company filed a form 10-Q with the SEC where the Company admitted that execution missteps in size and assortment of inventory at Old Navy adversely impacted the Company’s financial results.
- Going back on May 20, 2022, The Wall Street Journal published an article revealing that the Company had improperly managed its inventory of plus size clothing at its Old Navy stores causing material declines in margins and business results.
Taking all facts into account, Investors have reasons to suspect that mismanagement at Gap significantly affected them.
Alleged Offence
Mismanagement,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11 July 2022
Filing date
05 December 2022
Court
Eastern District of New York
Judge
Hon. Diane Gujarati