Clifton L. Brinson and David R. Ortiz of Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan have entered appearances for Advance Auto Parts, a supplier of after-market automotive components, its CEO and CFO in a pending securities class action. The action, filed Oct. 27 in North Carolina Eastern District Court by Schiller & Schiller and Pomerantz LLP, accuses the defendants of making false statements in relation to the company’s business and prospects, which artificially inflated the price of AAP stock. The case, assigned to U.S. District Judge Louise Wood Flanagan, is 5:23-cv-00611, Watson v. Advance Auto Parts, Inc. et al.
Retail & Consumer Goods
December 13, 2023, 8:33 AM