An investigation on behalf of investors of Hibbett Sports, Inc. (NASDAQ: HIBB) shares over potential securities laws violations by Hibbett Sports, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of Hibbett Sports, Inc. (NASDAQ: HIBB), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Hibbett Sports, Inc. (NASDAQ: HIBB) concerning whether a series of statements by Hibbett Sports, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Birmingham, AL based Hibbett Sports, Inc., together with its subsidiaries, engages in the retail of athletic-inspired fashion products through its stores.
On June 14, 2019, after the markets closed, Hibbett Sports, Inc filed a “Notice of Late Filing” with the SEC, stating that it was unable to file its Quarterly Report on Form 10-Q within the necessary time period due to its recent adoption of the Financial Accounting Standards Board’s Accounting Standards Update (ASU) 2016-02, Topic 842, Leases, which necessitated further review of its financial statements.
Shares of Hibbett Sports, Inc. (NASDAQ: HIBB) closed on July 23, 2019 at $18.80 per share.
Those who purchased shares of Hibbett Sports, Inc. (NASDAQ: HIBB) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.