NEW YORK, Feb. 19, 2023 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, is reminding buyers of Daktronics, Inc. (NASDAQ:DAKT) securities between March 10, 2022 and December 6, 2022, both dates inclusive (the “Collection Period”), the important February 21, 2023 deadline for Lead Plaintiff.
SO WHAT: If you purchased Daktronics securities during the class action period, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement.
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WHAT TO DO NEXT: To join the Daktronics class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=10608 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to appear as lead plaintiff, you must convene the court no later than February 21, 2023. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these law firms do not actually conduct securities class actions, but are merely intermediaries who refer clients or work with law firms that actually conduct the cases. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever settlement of a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Act360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the Complaint, during the Class Period, Defendants made, among other things, false and/or misleading statements and/or failed to disclose that: (1) the Company faced challenges that increased costs, including supply chain disruptions; that adversely affected Daktronics’ ability to fund inventories and operations; (2) as a result, it was probable that a portion of the Company’s deferred tax assets would not be realized; (3) as a result, Daktronics was quite likely to recognize a material write-down on its deferred tax assets; (4) there were material weaknesses in the Company’s internal controls over financial reporting related to income taxes; (5) the foregoing created liquidity concerns and significant doubts about the Company’s ability to continue as a going concern; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis. When the truth came out, the lawsuit alleges that investors suffered harm.
To join Daktronics’ class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=10608 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class was certified. Until a class is certified, you will not be represented by an attorney unless you retain one. You can select a lawyer of your choice. You can also remain absent and do nothing at this point. An investor’s ability to participate in a potential future recovery is not contingent on its serving as lead plaintiff.
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The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The law firm has been ranked in the top 4 every year since 2013. Law firm Rosen has reached the largest securities class action settlement to date against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Law firm Rosen has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, New York 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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