Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia 
PLS Reports Record Lithium Output as EV Demand Fuels Market Growth 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Meta Expands AI Training With Employee Activity Tracking Tools 
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
Tesla Earnings Beat Expectations as EV Growth Holds Amid Robotics and AI Shift 
SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO 
OPmobility Reports Q1 Revenue Dip Amid Automotive Industry Slowdown 
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus 
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting 
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window 
SK Hynix Reports Record Q1 Profit Surge Driven by AI Memory Chip Demand 
Kakaku.com Stock Surges on EQT Takeover Interest Amid Rising Japan Deal Activity 
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma 
Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs 
IRVINE, Calif., May 22, 2017 -- Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Dick’s Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE:DKS). Investors who purchased or otherwise acquired shares between March 7, 2017 and May 15, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the July 17, 2017 lead plaintiff motion deadline.
If you purchased Dick’s shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, Dick’s made false and/or misleading statements and/or failed to disclose: that the Company overstated its adjusted EBITDA amounts; that Dick’s lacked effective internal controls; and that as a result, the Company’s public statements were materially false and misleading at all relevant times. On May 12, 2017, Dick’s issued a Current Report filed on Form 8-K/A with the SEC, reporting that a “computation error resulted in a $23.4 million overstatement of Adjusted EBITDA amounts for both the 13 weeks and 52 weeks ended January 28, 2017.” On this news, Dick’s share price fell $2.62 or 5.22%, over the following two trading days. On May 16, 2017, Dick’s announced that sales at its existing stores in the first quarter of 2016 fell short of forecasts and advised investors that the Company planned to scale back new store openings in 2018 and 2019. When this news was announced, Dick’s shares fell in value materially, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
