NEW YORK (Legal Newsline) — A stockholder has filed a class action lawsuit against Dick's Sporting Goods and its board, alleging violation of federal law.
Brandon McKenna filed a complaint, individually and on behalf of all others similarly situated, May 16 in U.S. District Court for the Southern District of New York against Dick's Sporting Goods Inc., Edward W. Stack and Lee J. Belitsky, alleging they issued false statements regarding Dick's common stockholders.
According to the complaint, McKenna suffered monetary damages from purchasing securities at artificially inflated prices. The plaintiff alleges the defendants issued materially false and misleading statements in order to artificially inflate Dick's securities prices.
McKenna seeks trial by jury, damages, all legal fees and all other relief the court deems just. He is represented by attorneys Jeremy A. Lieberman and J. Alexander Hood II of Pomerantz LLP in New York.
U.S. District Court for the Southern District of New York case number 1:17-cv-03680-VSB