June 14, 2022
Counsel representing a shareholder class in a Delaware federal court suit alleging Advance Auto Parts Inc. inflated sales projections to hide its poor financial condition were awarded roughly $14.7 million in attorney fees and expenses as part of a $49.25 million settlement approved Monday.
May 10, 2022
Advance Auto Parts Inc. shareholders who agreed to settle their federal class action for $49.25 million have moved for final approval of the proposed settlement and accompanying plan to distribute proceeds to shareholders.
November 06, 2020
A Delaware federal judge granted class certification Friday to a group of investors in Advance Auto Parts accusing the company of inflating sales projections, rejecting the company's argument that certification should be denied because the class's damages model is inadequate.
May 18, 2020
A proposed class of investors in Advance Auto Parts sought certification in its suit in Delaware federal court accusing the company of inflating sales projections to hide its poor financial condition from shareholders.
February 07, 2020
A Delaware federal judge on Friday trimmed a putative class action alleging Advance Auto Parts Inc. inflated sales projections to hide its poor financial condition from shareholders, narrowing the surviving securities fraud claims a Mississippi pension fund could pursue in the case.
November 02, 2018
Kessler Topaz Meltzer & Check LLP received the nod Friday from a Delaware federal judge to serve as lead counsel in a proposed investor class action against current and former executives of Advance Auto Parts Inc. over drops in stock value.
February 06, 2018
Advance Auto Parts was hit with a class action in Delaware federal court on Tuesday by shareholders who say that the company's alleged concealment and then revelation of poor financial conditions caused two drops in their shares' value.