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SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Fox Factory Holding Corp. (NASDAQ: FOXF) and Encourages Long-Term Investors to Contact the Firm

1. Kaskela Law is investigating FOXF for securities fraud. 2. The complaint covers misleading statements from May 2021 to November 2023. 3. FOXF experienced a 58% decline in bicycle division sales recently. 4. Stock price fell over 37% following disappointing financial results. 5. Investors are encouraged to seek legal advice regarding potential claims.

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FAQ

Why Very Bearish?

The stock's significant decline due to fraud allegations will likely deter investors and erode trust, similar to past cases like Petrobras' scandal.

How important is it?

The legal investigation and dramatic price drop are critical issues affecting investor confidence in FOXF.

Why Short Term?

Immediate legal investigations often create short-term market uncertainty, as seen in Enron's collapse.

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PTONDHRHBI
PHILADELPHIA, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Fox Factory Holding Corp. (NASDAQ: FOXF) (“Fox Factory”) on behalf of the company’s long-term shareholders.  Click here for additional information: https://kaskelalaw.com/case/fox-factory/ Recently a securities fraud complaint was filed against Fox Factory on behalf of certain investors who purchased shares of the company’s stock between May 6, 2021 and November 2, 2023. According to the complaint, during that time period Fox Factory and certain of the company’s senior executive officers made a series of materially false and misleading statements concerning the true level of consumer demand for the company’s bicycles after a period of hyper demand following the onset of the COVID-19 pandemic. On November 2, 2023, Fox Factory shocked the market when it reported disappointing quarterly financial and operational results, including a decline of 58% in the bicycle division, and a reduction of its fiscal 2023 guidance. Following this disclosure, shares of Fox Factory’s common stock declined $22.60 per share, or over 37% in value, to close at $60.53 per share on November 3, 2023, on unusually heavy trading volume. The investigation seeks to determine whether the members of Fox Factory’s board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.  Fox Factory shareholders who purchased or acquired FOXF shares prior to October 2021 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/fox-factory/ Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. 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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