INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Dorman Products, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Mar 2, 2020--
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dorman Products, Inc. (“Dorman” or “the Company”) (NASDAQ: DORM ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Dorman announced its Fourth Quarter net sales on February 24, 2020. The Company reported sales of only $239.6 million, a nearly 10% decrease year-over-year. The Company blamed its poor performance on “an increase in customer return provisions (resulting in a reduction of net sales of $11.2 million) primarily from new business wins, including a recently launched premium chassis program with a large national retail customer.” Based on this news, shares of Dorman dropped by more than 13% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200302005582/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Schall Law Firm
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PUB: 03/02/2020 09:08 AM/DISC: 03/02/2020 09:08 AM