NASDAQ: DAKT

Daktronics, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Daktronics, Inc. (NASDAQ: DAKT) between March 10, 2022 and December 6, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Daktronics investors under the federal securities laws. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 21, 2023.

If you purchased Daktronics, Inc. securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:March 10, 2022 through December 6, 2022

Deadline:

22 Days
If you purchased Daktronics securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:

  • the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics’ ability to fund inventory levels and operations;
  • as a result, it was probable that some portion of the Company’s deferred tax assets would not be realized;
  • as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets;
  • there were material weaknesses in the Company’s internal controls over financial reporting related to income taxes;
  • the foregoing presented liquidity concerns and there was substantial doubt as to the Company’s ability to continue as a going concern; and
  • 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Daktronics, Inc.
Stock Symbol: DAKT
Class Period: March 10, 2022 through December 6, 2022
Court: United States District Court Southern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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