The Lovesac Company

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Lovesac Company (NASDAQ: LOVE) resulting from allegations that Lovesac may have issued materially misleading business information to the investing public.

If you purchased Lovesac securities and would like to join the prospective action, please click “Join This Class Action.”

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

Details of investigation:

Lovesac announced on August 16, 2023, that there were “certain errors with the methodology used by the Company to calculate the accrual of its last mile freight expenses applicable to the Company’s financial statements for the fiscal year ended January 29, 2023 and the thirteen weeks ended April 30, 2023.” Lovesac added, “as a result of the identified errors related to last mile freight expenses, the Company believes that previously reported operating income and net income were overstated by approximately $1.5 million to $2.5 million and $1.0 million to $2.0 million, respectively, for fiscal year 2023.”

On this news, the price of Lovesac stock fell $0.7, or 2.95%, to close at $23.06 per share, on August 17, 2023.

公司名称: The Lovesac Company
股票代号: LOVE
集体诉讼期: N/A
法院: N/A


自 2013 年以来,罗森律师事务所每年都是代表投资者成功提起证券集体诉讼的前四大律所之一。仅 2019 年,本律所就为投资者追回 4.38 亿美元资金。


机构股东服务公司按 2017 年证券集体诉讼索赔数量,罗森律师事务所列为第一名。


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