Advance Auto Parts executives and directors should be held responsible for poor financial performance and negative public perception it has faced in recent years, a shareholder is arguing in a Delaware Court of Chancery case.
In a 119-page derivative complaint, shareholder Malka Raul alleged that beginning in 2016, CEO Thomas R. Greco and CFO Thomas Okray propped up Advance Auto Parts’ stock price by publishing goals they knew to be unattainable and financial forecasts incongruous with the company’s performance.
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