CLASS ACTION UPDATE for BROS, SWK and RAD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 11, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

BROS Shareholders Click Here: https://zlk.com/pslra-1/dutch-bros-loss-submission-form?prid=38244&wire=1
SWK Shareholders Click Here: https://zlk.com/pslra-1/stanley-black-decker-inc-information-request-form-2?prid=38244&wire=1
RAD Shareholders Click Here: https://zlk.com/pslra-1/rite-aid-lawsuit-submission-form?prid=38244&wire=1

* ADDITIONAL INFORMATION BELOW *

Dutch Bros Inc. (NYSE:BROS)

BROS Lawsuit on behalf of: investors who purchased March 1, 2022 - May 11, 2022
Lead Plaintiff Deadline : May 1, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/dutch-bros-loss-submission-form?prid=38244&wire=1

According to the filed complaint, during the class period, Dutch Bros Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing increased costs and expenses, including on dairy; (2) as a result, the Company was experiencing increased margin pressure and decreased profitability in the first quarter of 2022; and (3) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Stanley Black & Decker, Inc. (NYSE:SWK)

SWK Lawsuit on behalf of: investors who purchased October 28, 2021 - July 28, 2022
Lead Plaintiff Deadline : May 23, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/stanley-black-decker-inc-information-request-form-2?prid=38244&wire=1

According to the filed complaint, during the class period, Stanley Black & Decker, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding then-heightened demand for Stanley's tools and outdoor products; (ii) the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 into 2022 was returning to 2019 pre-pandemic levels; (iii) Stanley's operations were already showing signs of slowing demand; (iv) as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand; and (v) as a result of Stanley's inability to react to a sharp decline in demand, the Company's results and metrics, particularly sales volume, were severely negatively impacted. As a result of the foregoing, Stanley's public statements were materially false and misleading at all relevant times.

Rite Aid Corporation (NYSE:RAD)

RAD Lawsuit on behalf of: investors who purchased April 26, 2018 - March 13, 2023
Lead Plaintiff Deadline : May 19, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/rite-aid-lawsuit-submission-form?prid=38244&wire=1

According to the filed complaint, during the class period, Rite Aid Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear "red flags" that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice; and (6) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

You have until the lead plaintiff deadlines 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.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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