Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Middle District of Tennessee on behalf of shareholders of Dollar General Corporation (NYSE: DG) who purchased shares between March 10, 2016 and November 30, 2016.
The complaint alleges that throughout the class period Defendants made materially false statements and/or failed to disclose that: (i) a significant percentage of Dollar General’s EPS growth was tied to revenues derived from SNAP benefit recipients; (ii) the reinstitution of time limits on SNAP benefits would impact Dollar General’s operating business and financials, particularly the Company’s fiscal 2016 EPS guidance and same-store growth estimates; (iii) 56% of Dollar General stores are located in states that re-implemented the time limitation; and (iv) the announced benefit reductions would have a disproportionate impact on the Company’s sales relative to the overall percentage of sales derived from SNAP payments.
If you suffered a loss in Dollar General you have until March 20, 2017 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.
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