Levi & Korsinsky, LLP announces that a GPS class action lawsuit has been filed on behalf of investors who purchased The Gap, Inc.  (GPS) securities between November 24, 2021, and July 11, 2022. For more on the GPS Lawsuit please contact us today.

According to The Gap lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(1) there were execution missteps in size and assortment at Old Navy related to BODEQUALITY, the Company’s size-inclusivity campaign, which was adversely impacting Old Navy’s margins and financial results; (2) contrary to the Company’s statements, there were inventory risks relating to BODEQUALITY that were adversely affecting the Company’s operations; and as a result (3) the Company’s statements during the class period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading and lacked a factual basis.

TO LEARN MORE ABOUT THE GPS CLASS ACTION LAWSUIT, CLICK HERE

If you suffered a loss in The Gap you have until February 3, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com