Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Advanced Auto Parts, Inc. (“AAP”) (NYSE: AAP) securities between November 15, 2022 and November 20, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) AAP misrepresented the efficacy of AAP's strategic pricing initiative and the impact of price reductions and omitted and/or concealed the negative impacts of the pricing initiative; (2) subsequently, AAP then provided investors with an overly optimistic perception of AAP's operations; (3) which created the false impression that inflation and macroeconomic factors had an insubstantial impact on the company's margins; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On January 23, 2025, the Court granted Defendants’ Motion to Dismiss. On February 21, 2025, the Lead Plaintiffs appealed the dismissal to the United States Court of Appeals for the Fourth Circuit. The parties presented oral arguments on December 10, 2025, and the Appeal is now pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.