Investor Notice: Update in Lawsuit against Advance Auto Parts, Inc. announced by Shareholders Foundation

San Diego, California--(Newsfile Corp. - November 19, 2019) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: AAP shares.

Investors, who purchased shares of Advance Auto Parts, Inc. (NYSE: AAP) in November 2016 or earlier and continue to hold any of their NYSE: AAP shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 6, 2018, a lawsuit was filed against Advance Auto Parts, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made materially false and/or misleading statements and/or failed to disclose that integration issues surrounding Advance Auto's Carquest acquisition resulted in systemic inefficiencies and cannibalization of sales, that increased competition was negatively impacting sales, and that as a result, defendants' statements about Advance Auto's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On January 25, 2019, an amended complaint was filed and on April 12, 2019, the defendants filed their motion to dismiss the case.

Those who purchased Advance Auto Parts, Inc. (NYSE: AAP) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49864