Investor Alert: Rosen Law Firm Announces Lead Plaintiff Deadline in Class Action Against Dollar General Corporation - DG

The Rosen Law Firm, a premier global investor rights law firm, has issued a reminder to investors who acquired Dollar General Corporation DG common stock during the period from May 28, 2020, to August 30, 2023. The firm is alerting these investors of the critical deadline of January 26, 2024, to apply to be a lead plaintiff in a securities class action lawsuit that has been filed against Dollar General. This lawsuit springs from allegations that the company may have issued materially misleading business information to the investing public.

Understanding the Allegations

The class action against Dollar General Corporation alleges that during the class period specified, the company and certain of its executives violated federal securities laws. It claims that Dollar General made false and/or misleading statements and/or failed to disclose that: the Company's stringent labor model was leading to deteriorating store standards; this could foreseeably have a detrimental effect on the Company’s financial performance; and as a result of the foregoing, Defendants’ positive statements about the Company’s business metrics and expected financial performance during the class period were materially false and/or misleading and/or lacked a reasonable basis.

Dollar General Corporation's Profile

Dollar General Corporation, designated by the stock ticker DG, is an iconic American chain of variety stores with its headquarters nestled in Goodlettsville, Tennessee. The company is known for its wide range of low-priced merchandise and has become a staple for budget-conscious shoppers across the country.

The Significance of the Deadline

Potential plaintiffs should be aware that the January 26, 2024 deadline to apply as lead plaintiff is not arbitrary; it is a court-approved deadline by which investor group members must submit their applications to be considered for the position of lead plaintiff in the class action lawsuit. The lead plaintiff will act on behalf of all other class members in directing the case against Dollar General. Investors who suffered losses during the class period are encouraged to participate in order to potentially recover their investment losses attributable to the alleged misconduct.

Legal Representation for Affected Investors

Investors who have purchased Dollar General's DG stock between May 28, 2020, and August 30, 2023, and have incurred losses, are invited to contact the Rosen Law Firm to join the class action as a lead plaintiff. The firm has established a reputation for its role in championing investor rights and has extensive experience in prosecuting securities lawsuits.

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