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Fox Factory Holding Corp. Class Action Lawsuit - FOXF

8 days left to seek lead plaintiff status

Case Summary

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The Fox Factory class action lawsuit, captioned Marselis v. Fox Factory Holding Corp., No. 24-cv-00747 (N.D. Ga.), charges Fox Factory and certain of Fox Factory’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Fox Factory class action lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.  Lead plaintiff motions for the Fox Factory class action lawsuit must be filed with the court no later than April 22, 2024.

CASE ALLEGATIONS: Fox Factory engineers, manufactures, and markets high-performance suspension products for numerous applications throughout the world.

The Fox Factory class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose a deterioration in Fox Factory’s business, in particular, increased inventories that were impacting demand.

The Fox Factory class action lawsuit further alleges that on November 2, 2023, Fox Factory reported that its net sales for the third quarter of fiscal year 2023 decreased 19.1% year-over-year due to “higher levels of inventory across various channels.”  The complaint further alleges that Fox Factory cut its full-year sales guidance from between $1.67B and $1.70B to between $1.45B and $1.47B, citing continued inventory destocking in its Specialty Sports Group segment.  On this news, the price of Fox Factory common stock fell more than 37%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Fox Factory common stock during the class period to seek appointment as lead plaintiff in the Fox Factory class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Fox Factory class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Fox Factory class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Fox Factory class action lawsuit.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases.  The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list.  And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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