Steven J. Porzio of Proskauer Rose has entered an appearance for furniture retailer Lovesac Co. and other defendants in a pending shareholder derivative lawsuit. The case, filed Aug. 19 in Connecticut District Court by Levi & Korsinsky and Bragar Eagel & Squire on behalf of Diego Valle, targets certain officers and directors in alleging that the company improperly capitalized $2.2 million due to errors in its methodology for calculating accruals of last mile freight expenses. The case, assigned to U.S. District Judge Victor A. Bolden, is 3:24-cv-01327, Valle v. Dellomo et al.
Retail & Consumer Goods
August 29, 2024, 8:16 AM