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Proskauer Rose entered an appearance for Lovesac Co., a furniture manufacturer, in a securities class action brought by Pomerantz in Connecticut on behalf of those who bought securities at allegedly "artificially inflated prices." According to the complaint, Lovesac allegedly "made false and/or misleading statements and/or failed to disclose" when it miscalculated freight and last mile shipping costs and the company's subpar disclosure and internal control regarding financial reporting.
Connecticut
January 10, 2024, 2:18 PM