Leslie’s Requests to Dismiss Class Action Filed by Investors

Court: D. Arizona

Case: 2:23-cv-01887

Leslie’s has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On July 14, 2023, Leslie’s reported a 12% sales decline for Q3 2023, an EPS 42% below expectations, and cut its EBITDA outlook by up to 60%. The company cited consumer stockpiling of chemicals from the previous season and also announced the CFO’s resignation.

Following this, LESL dropped 29% and lost over $0.5 billion in market value.

Then, on September 8, 2023, shareholders filed a claim against Leslie’s.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify LESL investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.