NEW
YORK, Dec. 30, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Daktronics, Inc. (NASDAQ:
DAKT).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/daktronics-class-action-loss-submission-form/?id=35158&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Daktronics between March 10,
2022 and December 6, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
February 21, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Daktronics, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (1) the Company was experiencing challenges
that increased costs, including supply chain disruptions, that
impacted Daktronics' ability to fund inventory levels and
operations; (2) as a result, it was probable that some portion of
the Company's deferred tax assets would not be realized; (3) as a
result, Daktronics was reasonably likely to record a material
valuation allowance to its deferred tax assets; (4) there were
material weaknesses in the Company's internal controls over
financial reporting related to income taxes; (5) the foregoing
presented liquidity concerns and there was substantial doubt as to
the Company's ability to continue as a going concern; and (6) 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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content:https://www.prnewswire.com/news-releases/dakt-shareholder-alert-jakubowitz-law-reminds-daktronics-shareholders-of-a-lead-plaintiff-deadline-of-february-21-2023-301711261.html
SOURCE Jakubowitz Law