January 23, 2025
Advanced Auto Parts beat back a proposed class action on Thursday that accused the company and its top brass of misleading investors about the failure of a new pricing strategy and purposefully inflating the impact of price reductions, with a North Carolina federal judge finding that the suit failed to plead knowledge of wrongdoing.
June 24, 2024
Advance Auto Parts Inc. and its top brass are looking to exit a proposed class action alleging they misled investors about the failure of a new pricing strategy and purposefully inflated the impact of price reductions, saying that missed forecasts and accounting errors "are not fraud."
October 10, 2023
Advance Auto Parts has been hit with a proposed class action in North Carolina federal court alleging it misled investors about the failure of a new pricing strategy and purposefully inflated the impact of price reductions, leading to a steep, one-day stock drop after the truth was revealed.