Thieler Law Corp advises investors with losses exceeding $100,000 of the July 17, 2017 lead plaintiff deadline in a class action lawsuit filed against Dick's Sporting Goods Inc (NYSE: DKS) (“Dick's” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Dick's Sporting Goods Inc securities between March 7, 2017 and May 15, 2017, have until July 17, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Dick's Sporting Goods Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Dick’s had overstated its adjusted EBITDA amounts; accordingly, the Company lacked effective internal controls; and as a result of the foregoing, Dick’s public statements were materially false and misleading at all relevant times. 

On May 12, 2017, the Company issued a Current Report filed on Form 8-K/A with the SEC, reporting that a "computation error resulted in a $23.4 million overstatement of Adjusted EBITDA amounts for both the 13 weeks and 52 weeks ended January 28, 2017."

Following this news, NYSE: DKS fell from $47.57 per share on May 15, 2017 to a closing price of $41.04 on May 16, 2017.

If you were negatively impacted by your investment in Dick's Sporting Goods Inc securities between March 7, 2017 and May 15, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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