Advance Auto Parts Securities Fraud Suit Trimmed

Law360 (February 7, 2020, 8:53 PM EST) -- 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.

U.S. District Judge Richard G. Andrews partially granted and partially denied motions to dismiss from Advance Auto Parts and two executives, as well as from a hedge fund that owns a minority stake in the auto parts retailer. The suit accuses them of projecting increased sales and operating margins for Advance Auto in 2017 when they knew those projections...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!