(NASDAQ GS: LESL)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Leslie’s, Inc. ("Leslie's" or the "Company") on behalf of stockholders. A class action complaint has been filed against Leslie's. The complaint alleges that defendants misled investors and/or failed to disclose that: (i) the Company's growth was caused by customers over-purchasing products; (ii) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (iii) the Company prolonged the inflated customer demand by warning customers that Leslie's could not "guarantee availability" of chemicals in the future; and (iv) any slowdown in sales was not a normalization of past seasonality, but was due to the prior excess stockpiling. As a result, defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.