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SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of DICK'S Sporting Goods, Inc. (NYSE: DKS) and Encourages Long-Term Investors to Contact the Firm

1. DICK’S faces investigation over alleged securities fraud claims. 2. Complaint involves false statements on profitability and inventory shrinkage. 3. Stock price plummeted over 24% following disappointing profitability results. 4. Investors encouraged to explore legal options relating to share purchases. 5. Board's conduct under scrutiny for potential law violations and fiduciary breaches.

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FAQ

Why Very Bearish?

The fallout from the fraud investigation may exacerbate investor distrust and lead to further declines, similar to past scandals that resulted in lasting stock price damage.

How important is it?

This article can significantly affect shareholder sentiment and DKS stock price due to legal exposure.

Why Short Term?

Immediate market reactions are likely due to legal uncertainties, similar to past events where quick sell-offs occurred after negative news broke.

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DKS
PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating DICK'S Sporting Goods, Inc. (NYSE: DKS) (“DICK’S”) on behalf of the company’s long-term shareholders.  Click here for additional information: https://kaskelalaw.com/case/dicks-sporting-goods/ Recently a securities fraud complaint was filed against DICK’S on behalf of certain investors who purchased shares of the company’s stock between August 23, 2022 and August 21, 2023. According to the complaint, during that time period DICK’S and several of the company’s senior executive officers made a series of materially false and misleading statements to investors concerning the company’s profitability growth, merchandise margins, demand, inventory levels, and the impact of inventory shrinkage related to retail theft. As further detailed in the complaint, on August 22, 2023, Defendants revealed continued margin declines and disappointing profitability results due to “markdowns to move through excess inventory” and elevated shrink. Defendants also lowered profitability guidance for the remainder of fiscal 2023 due to the same problems. On the news, the price of DSG stock declined $35.51 per share, or over 24% in value, to close at $111.53 per share on August 22, 2023. The investigation seeks to determine whether the members of DICK’S board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.  DICK’S shareholders who purchased or acquired DKS shares prior to August 21, 2023 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750 for additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser): https://kaskelalaw.com/case/dicks-sporting-goods/ CONTACT: KASKELA LAW LLC D. Seamus Kaskela, Esq.(skaskela@kaskelalaw.com)Adrienne Bell, Esq.(abell@kaskelalaw.com)18 Campus Blvd., Suite 100Newtown Square, PA 19073(484) 229 – 0750(888) 715 – 1740www.kaskelalaw.com This notice may constitute attorney advertising in certain jurisdictions.  

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