AAP Investors Have Opportunity to Lead Advance Auto Parts Securities Fraud Lawsuit

LOS ANGELES, Dec. 6, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Advance Auto Parts ("AAP" or the "Company") (NYSE: AAP).

Class Period: November 16, 2022 – May 30, 2023
Lead Plaintiff Deadline: December 8, 2023

If you wish to serve as lead plaintiff of the AAP lawsuit, you can submit your contact information at www.glancylaw.com/cases/Advance-Auto-Parts-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants: (1) misrepresented the efficacy of AAP's strategic pricing initiative and the impact of price reductions; (2) omitted and/or concealed the negative impacts of the pricing initiative; (3) provided investors with an overly optimistic perception of AAP's operations; (4) created the false impression that inflation and macroeconomic factors had an insubstantial impact on the Company's margins; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com.  If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE Glancy Prongay & Murray LLP