Hibbett Sports, Inc. (HIBB)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Hibbett Sports, Inc. (HIBB)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hibbett Sports, Inc. (“Hibbett” or the “Company”) (NASDAQ: HIBB). The investigation concerns whether Hibbett and certain of its officers and/or directors have violated federal securities laws.
On June 14, 2019, post-market, Hibbett Sports filed a Notification of Late Filing with the U.S. Securities and Exchange Commission, stating that the Company “has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended May 4, 2019 . . . within the prescribed time period due to the Company’s need to further review its recent adoption of the Financial Accounting Standards Board’s Accounting Standards Update (ASU) 2016-02, Topic 842, Leases, as of February 3, 2019.” On this news, Hibbett Sports’ stock price fell $2.13 per share, or 9.67%, to close at $19.89 per share on June 17, 2019.
If you are aware of any facts relating to this investigation, or purchased Hibbett shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.