An Advance Auto Parts Inc. investor is appealing a decision to dump its proposed class action that alleged an overhyped strategic pricing plan and accounting errors spawned disappointing 2023 financial guidance and stock drop.
The City of Southfield General Employees’ Retirement System’s filed a notice of appeal, which was docketed in the US Court of Appeals for the Fourth Circuit on Thursday. The lead plaintiff seeks to overturn Judge James C. Dever III’s decision for the US District Court for the Eastern District of North Carolina to dismiss the case without prejudice because the allegations fell “within the heartland of ...
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